Telkonet, Inc. has installed the Telkonet iWire System at substations owned by four major U.S. public utilities.
Telkonet Energy Services, launched in July, deployed the Telkonet iWire System to monitor the performance and activities of the substations. The system uses the existing electrical wiring inside the substation to deliver the monitoring data. The data can be transmitted remotely to any location via a high-speed Internet connection. Monitoring the data enables the substations to maintain the stability of the electric grid and efficiently manage the energy supply. TES is in active negotiations with 10 additional utilities across 10 states.
The substation monitoring and automation market offers TES a large market with substantial potential. Newton-Evans Research Company estimates the current annual global spending for substation automation and integration programs at about $550-600 million, with an overall potential market size of nearly $40 billion. The Newton-Evans year-end 2005 study has found that 76% of the North American utility respondents indicated having a substation automation and integration strategy in place.
