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Highlighting that Oracle and Echelon have collaborated and are offering a new integrated solution that will help them manage outages and new applications more efficiently, as well as introduce renewable energy sources. The article notes that Oracle integrated their Utilities Smart Grid Gateway with Echelon's smart metering solution to enable utilities to deploy multiple applications quickly and safely and help reduce the cost and complexity of enhancing smart grids with new devices, data streams and business processes. The article also includes comments from Bastian Fischer, vice president of industry strategy, Oracle Utilities noting that utilities need to act now even though regulations, standards and available technology will change, so they are looking for an open, multi-application solution that will grow with them over time.