Tag Archives: ENOC

Southern Co. gets serious about smart grid: buys PowerSecure

While FPL wastes $3 billion on the 20th century Sabal Trail fracked methane pipeline, Southern Company (SO) shows it’s serious about distributed energy by buying distributed grid infrastructure company PowerSecure (POWR) for $431 million. That announcement not only bumped POWR stock up by about 75%, the same day (yesterday) smart grid company EnerNOC (ENOC) shares went up 20%. That last could be coincidental, since ENOC announced earnings. But with two smart grid companies going up, the renewable solar and wind energy future is coming closer.

PRNewswire, 24 February 2016, Southern Company to Acquire PowerSecure International, Inc.: Addition of PowerSecure’s proven expertise positions Southern Company to advance distributed infrastructure development, Continue reading