Orders for smart grid-enabled power systems increase
Power Secure International reports a jump in orders for its Interactive Distributed Generation systems designed for municipal infrastructure and manufacturing facilities.
PowerSecure International Inc. announced recently that it has received approximately $12 million of new business for its smart grid-enabled power systems. The new business is driven by interest in its Interactive Distributed Generation (IDG) system, which is designed to support critical municipal infrastructure and manufacturing facilities. These systems incorporate the company's NexGear switchgear and will be connected to PowerSecure's monitoring center, enabling the delivery of efficient power during periods of peak electricity demand, and ensuring a dependable supply of standby power 24/7.
According to PowerSecure, the new orders it has received consist of approximately $11 million of project-based business, and $1 million of long-term recurring revenue contracts. The $11 million of project-based business is expected to be completed and recognized primarily during the second half of 2009 and the first half of 2010, and the majority of the long-term recurring revenue business will be recognized over approximately five years beginning in the second half of 2010.
To read other Control Engineeing articles related to power management, see the links below:
– Edited by David Greenfield , editorial director
Case Study Database
Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.
Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.