ZBB Energy Corporation
) along with their associates have provided an update on the
earlier-announced project. The project has been designed to
demonstrate the combined value of a photovoltaic (PV) energy
source and the integration of energy storage system.
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The location for the venture in Southern Calif. has been
confirmed but is yet to be revealed publicly. The confirmation of
the site opens the way for the commencement of the project.
Partly financed by California Solar Initiative Research,
Development, Deployment and Demonstration Program (CSI RD&D),
the project involves the integration of storage technologies at
the chosen site.
The partners of the project are optimistic about the long-term
procurement goals relating to energy storage and its imminent
realization. The project is expected to be commissioned this
Itron, in Feb 2013, reported adjusted earnings per share of $3.62
for fiscal 2012 compared with $4.19 recorded in fiscal 2011.
Total revenues for the year fell 10.5% year over year to $2.178
billion on unfavorable impact from foreign currency translation.
Restructuring of Itron's manufacturing operations comprising
project closure, consolidation of several manufacturing
facilities and curtailment of global workforce will have positive
impact on its earnings.
Concurrently, the acquisition of SmartSynch will enable Itron to
strengthen its position in the integrated cellular network market
and provide the customers with wider choice across the spectrum
of smart metering. However, the completion of the OpenWay
projects is expected to impact revenues negatively in the next
Liberty Lake, Wash-based Itron produces electricity, gas, water,
and heat meters, data collection and utility software solutions
along with various other associated metering products for
residential, commercial and industrial, and transmission and
Itron currently retains a short-term Zacks Rank #3 (Hold).
National Instruments Corporation
) also belong to the electrical equipment industry and carry a
Zacks Rank #2 (Buy).