Press Release

03.07.08

Acorn Energy and CoaLogix Subsidiary Announce Record Contract Awards

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Coal Fired Utilities Embrace Method of Reducing Environmental Footprint

 
Montchanin, Delaware – March 7, 2008 – Acorn Energy, Inc. (NasdaqGM: ACFN) and its CoaLogix subsidiary today announced that in the first two months of 2008 they have secured eight new contracts from major U.S. companies representing over two times its entire 2007 sales. CoaLogix’s customers are reducing their environmental footprint and realizing substantial savings by utilizing the company’s catalyst regeneration service. By regenerating the catalyst under these contracts, its customers are recycling a valuable asset and avoiding the land filling of poisoned catalyst.

Mike Mattes, VP of Business Development stated, "These orders are the result of the trust we have earned in the utility industry. We are proud to have received a three year and a five year contract bundling selective catalytic reduction (SCR) management services and time sensitive regeneration during planned outages. The contracts represent three new and five repeat customers. Another milestone is our process’ second regeneration of the oldest catalyst in the U.S. fleet with over 100,000 operating hours which further proves the value of CoaLogix to its customers."

"We are proud to have pioneered the U.S. SCR catalyst regeneration market over the past four years but we are just getting started”, stated Bill McMahon, CEO of CoaLogix. “To date only 5% of the SCRs in the U.S. have required regeneration of their catalyst versus essentially 100% over the past 10 years in Europe. We expect 70% of the U.S. fleet to require regeneration by 2012."

John A. Moore, CEO of Acorn Energy, remarked: "The CoaLogix team has successfully anticipated a major need for air pollution control services by utilities, in-licensed a proven technology and spent the past four years building credibility with customers. Acorn and our strategic partner EnerTech Capital stand ready to provide capital to expand the regeneration business and to allow Bill and the CoaLogix team to repeat this success with other technologies under their CoalVision 360 strategy."

About CoaLogix, Inc.

CoaLogix is focused on providing cutting edge services to coal-fired generating facilities to reduce their environmental footprint through technology, optimization and efficiency improvements. CoaLogix currently owns SCR Tech which provides SCR services to power plants, including a proprietary technology to regenerate catalyst. Currently, coal-fired power plants contain approximately $1 billion of catalyst in their SCR systems. Beginning in 2009, the year round operation will require coal-fired plants to replace about one-third of this catalyst per year.

About Acorn Energy, Inc.

Acorn Energy accelerates the growth of emerging ventures that promise improvement in the economic and environmental efficiency of the energy sector. Acorn Energy is a global company with equity interests in Comverge; CoaLogix, Inc. DSIT, Local Power, Inc, GridSense Systems Inc. and Paketeria AG. For more information visit www.acornenergyinc.com.