Press Release

04.17.08

Acorn Energy, Inc Announces Year End Results and Highlights

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MONTCHANIN, DE, April 17, 2008 -- ACORN ENERGY, INC. (NasdaqGM: ACFN), a holding company focused on intelligent energy infrastructure, today announced that it has filed its Annual Report on Form 10-K for the year ended December 31, 2007. The Form 10-K provides full disclosure and an analysis of the result of operations for the year.

Highlights during and following the fourth quarter include:

• The Company created CoaLogix, Acorn’s new platform for participating in the burgeoning market for clean coal solutions and acquired SCR-Tech, a leader in catalyst cleaning and regeneration for coal and other fossil fueled plants in November, 2007. SCR-Tech is the cornerstone of Coal Vision 360, CoaLogix’s blueprint for improving the environmental footprint and efficiency of coal-fired generation plants. In March 2008, CoaLogix announced that Enertech III has taken a 15% position in CoaLogix.
• The Company raised $29 million through the sale of a portion of its Comverge shares in a Citigroup/Goldman Sachs led secondary follow-on offering in December 2008. This gave Acorn the liquidity to further develop its existing business, eliminate debt and finance future acquisitions, while remaining Comverge’s largest shareholder.
• The Company demonstrated renewed financial vigor by returning to the NASDAQ in December 2007 and by upgrading its listing to the more prestigious NASDAQ Global Market in February 2008.
• The Company completed its acquisition of a significant minority interest in GridSense in January 2008, providing the Company a strong foothold in Asia and the emerging field of remote monitoring and control systems for electrical utilities
• In January 2008 the Company completed the redemption of its outstanding convertible debentures and as a result has virtually no debt.
• Also in February, the Company’s DSIT subsidiary, a leader in the field of threat detection for underwater energy infrastructure, announced $1.4 million in new contracts involving the integration of subsystems developed by DSIT into systems built by customers and opportunities to expand the projects in the future.
• The CoaLogix subsidiary announced in March that in the first two months of 2008 it had secured new contracts from major U.S. utilities potentially representing more than twice its entire 2007 sales.
• Acorn signed a letter of intent in March 2008 to acquire Software Innovation, the developer of Coreworx™, a world-leading software tool for collaboration for energy and other infrastructure for capital projects.

John A. Moore, President and Chief Executive Officer of Acorn Energy remarked: "In 2007 we began to implement Acorn’s strategy of accelerating the growth of emerging ventures that promise meaningful improvement in the environmental and economic efficiency of energy infrastructure. We have used the proceeds of the sale of a portion of our Comverge shares to clean-up our capital structure and begin planting new acorns -- with our purchase of SCR-Tech and acquisition of significant positions in Gridsense and Local Power -- that we hope will become tomorrow’s oaks. In the months ahead we look forward to continued growth in our CoaLogix business and completion of our due diligence on the Software Innovation acquisition. We are also engaged in serious discussions regarding additional clean coal and other energy intelligence sector opportunities."

About Acorn Energy, Inc.

Acorn Energy is a publicly traded holding company focused on improving the efficiency of the energy grid and reducing the environmental impact of the energy sector. Acorn Energy’s operating companies leverage advanced technologies to transform the existing energy infrastructure. Acorn’s strategy is to take primarily controlling positions in companies led by great entrepreneurs and add value by supporting those companies with marketing, strategy and business development. Acorn Energy is a global company with equity interests in Comverge, CoaLogixDSIT, Gridsense, Local Power and Paketeria. For more information visit www.acornenergyinc.com.

Safe Harbor Statement

This press release includes forward-looking statements, which are subject to risks and uncertainties. There is no assurance that CoaLogix will continue to grow its business. The completion of the acquisition of Software Innovation Inc. referred to in this release is subject to completion by Acorn Energy, Inc. of its due diligence and execution of a definitive purchase agreement and any conditions to closing. There is no assurance Acorn Energy will be able to complete its acquisition of Software Innovation. A complete discussion of the risks and uncertainties which may affect Acorn Energy's business generally is included in "Risk Factors" in the Company's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission.