In early pre=market trade the stock is at $23.30, up 41 cents, basically what it lost yesterday.
If you’ve been wondering (like we have) what exactly networking giant Cisco planned to sell to utilities for the smart grid, ponder no longer. Cisco announced its first smart grid-specific products on Tuesday, including a router and grid switch, which are based on its traditional networking products but have been built specifically for the utility environment.
Cisco’s new smart grid gear — dubbed the Cisco 2000 Series Connected Grid Router (CGR 2010) and the Cisco 2500 Series Connected Grid Switch (CGS 2520) — gives utilities another option for deploying smart grid networks, and offers them the security of having the deep pockets and extensive supply chain of a big company. Utilities are risk averse by nature, have to abide by very specific regulations for maintaining service and for the most part, prefer to work with a big company with decades of experience under its belt.
Cisco says utilities, including Germany’s E.oN Westfalen Weser, Enel in Italy and Spain, and U.S. utilities Southern California Edison and San Diego Gas & Electric have already been testing out the new gear. Cisco has previously announced smart grid deals with Duke Energy, Florida Power & Light, Germany’s Yellostrom, and Canada’s Enmax, and Cisco’s senior VP of smart grid, Laura Ipsen, previously told us that it’s been selling a build-buy-partner model....MORE
Previously at e2t: