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Ericsson (ERIC) Unveils Smart, Sustainable 5G Site in Texas
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Ericsson (ERIC - Free Report) , a global leader in telecommunications technology, has taken a significant step toward a sustainable future with the launch of its new smart and sustainable 5G site in Plano, TX. The site, powered by renewable energy sources and equipped with energy-efficient solutions, augments its position as a leader in building sustainable mobile networks.
The 5G site, which can potentially operate fully on solar energy for up to 24 hours, is a testament to Ericsson's dedication to decarbonizing the mobile network industry. By sourcing power from renewable energy sources, it aims to minimize the carbon footprint of mobile networks while ensuring uninterrupted connectivity and improving grid resilience.
Ericsson's smart site solutions for hybrid energy sources enable operators to control costs and increase profitability, particularly in rural or remote areas where power consumption needs to be efficient. The Plano 5G site features innovative technologies such as the ultra-lightweight mid-band Massive MIMO AIR 6419, RAN Processor 6651 and Enclosure 6160, incorporating solar shelves, lithium-ion batteries and a controller for hybrid energy operation and control. It represents the latest advancements in hybrid energy management, combining on-site solar and energy storage systems to enhance clean power integration and increase network resiliency.
By intelligently orchestrating multiple energy sources and storage technologies, operators can reach Net Zero goals and unlock the potential for selling excess energy back to the grid. The site's unified intelligent management system continuously optimizes energy sources, leveraging solar power and lithium-ion batteries to ensure cost efficiency.
Ericsson plans to expand the project in its second phase, exploring additional green energy sources such as hydrogen-based generators and collaborating with power grid vendors. This phase will optimize local energy generation and consumption, enabling operators to contribute to the grid through net metering and reduce reliance on fossil fuel-based generators.
Ericsson is the world’s largest supplier of LTE technology, with a significant market share and a large number of LTE networks worldwide. The company is focusing on 5G system development. It believes that the standardization of 5G is the cornerstone for digitizing industries and broadband. The deployment of 5G networks is expected to boost the adoption of IoT devices, with technologies like network slicing gaining more prominence. Ericsson currently has 147 live 5G networks across the globe, spanning 63 countries.
The stock has lost 26.3% over the past year compared with the industry’s decline of 7.2%.
InterDigital, Inc. (IDCC - Free Report) , sporting a Zacks Rank #1, delivered an earnings surprise of 170.89%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 579.03%. It has a long-term earnings growth expectation of 13.9%.
It is a pioneer in advanced mobile technologies that enables wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular and wireless 3G, 4G and IEEE 802-related products and networks.
Akamai Technologies, Inc. (AKAM - Free Report) , carrying a Zacks Rank #2, delivered an earnings surprise of 4.9%, on average, in the trailing four quarters. It has a long-term earnings growth expectation of 10%.
Akamai is a global provider of content delivery network and cloud infrastructure services. The company’s solutions accelerate and improve the delivery of content over the Internet, enabling faster response to requests for web pages, streaming of video & audio, business applications, etc. Akamai’s offerings are intended to reduce the impact of traffic congestion, bandwidth constraints and capacity limitations on customers.
Viasat Inc. (VSAT - Free Report) , sporting a Zacks Rank #1, enjoys a leading position in the satellite and wireless communications market. Headquartered in Carlsbad, CA, it designs, develops and markets advanced digital satellite telecommunications and other wireless networking and signal processing equipment. The company serves its high-bandwidth, high-performance communications solutions to the public as well as military, enterprises and government enterprises.
Viasat is ramping up investments in the development of its revolutionary ViaSat-3 broadband communications platform, which will have nearly 10 times the bandwidth capacity of ViaSat-2. These satellites will be capable of covering one-third of the world, including all Americas.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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Ericsson (ERIC) Unveils Smart, Sustainable 5G Site in Texas
Ericsson (ERIC - Free Report) , a global leader in telecommunications technology, has taken a significant step toward a sustainable future with the launch of its new smart and sustainable 5G site in Plano, TX. The site, powered by renewable energy sources and equipped with energy-efficient solutions, augments its position as a leader in building sustainable mobile networks.
The 5G site, which can potentially operate fully on solar energy for up to 24 hours, is a testament to Ericsson's dedication to decarbonizing the mobile network industry. By sourcing power from renewable energy sources, it aims to minimize the carbon footprint of mobile networks while ensuring uninterrupted connectivity and improving grid resilience.
Ericsson's smart site solutions for hybrid energy sources enable operators to control costs and increase profitability, particularly in rural or remote areas where power consumption needs to be efficient. The Plano 5G site features innovative technologies such as the ultra-lightweight mid-band Massive MIMO AIR 6419, RAN Processor 6651 and Enclosure 6160, incorporating solar shelves, lithium-ion batteries and a controller for hybrid energy operation and control. It represents the latest advancements in hybrid energy management, combining on-site solar and energy storage systems to enhance clean power integration and increase network resiliency.
By intelligently orchestrating multiple energy sources and storage technologies, operators can reach Net Zero goals and unlock the potential for selling excess energy back to the grid. The site's unified intelligent management system continuously optimizes energy sources, leveraging solar power and lithium-ion batteries to ensure cost efficiency.
Ericsson plans to expand the project in its second phase, exploring additional green energy sources such as hydrogen-based generators and collaborating with power grid vendors. This phase will optimize local energy generation and consumption, enabling operators to contribute to the grid through net metering and reduce reliance on fossil fuel-based generators.
Ericsson is the world’s largest supplier of LTE technology, with a significant market share and a large number of LTE networks worldwide. The company is focusing on 5G system development. It believes that the standardization of 5G is the cornerstone for digitizing industries and broadband. The deployment of 5G networks is expected to boost the adoption of IoT devices, with technologies like network slicing gaining more prominence. Ericsson currently has 147 live 5G networks across the globe, spanning 63 countries.
The stock has lost 26.3% over the past year compared with the industry’s decline of 7.2%.
Image Source: Zacks Investment Research
Ericsson currently has a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Key Picks
InterDigital, Inc. (IDCC - Free Report) , sporting a Zacks Rank #1, delivered an earnings surprise of 170.89%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 579.03%. It has a long-term earnings growth expectation of 13.9%.
It is a pioneer in advanced mobile technologies that enables wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular and wireless 3G, 4G and IEEE 802-related products and networks.
Akamai Technologies, Inc. (AKAM - Free Report) , carrying a Zacks Rank #2, delivered an earnings surprise of 4.9%, on average, in the trailing four quarters. It has a long-term earnings growth expectation of 10%.
Akamai is a global provider of content delivery network and cloud infrastructure services. The company’s solutions accelerate and improve the delivery of content over the Internet, enabling faster response to requests for web pages, streaming of video & audio, business applications, etc. Akamai’s offerings are intended to reduce the impact of traffic congestion, bandwidth constraints and capacity limitations on customers.
Viasat Inc. (VSAT - Free Report) , sporting a Zacks Rank #1, enjoys a leading position in the satellite and wireless communications market. Headquartered in Carlsbad, CA, it designs, develops and markets advanced digital satellite telecommunications and other wireless networking and signal processing equipment. The company serves its high-bandwidth, high-performance communications solutions to the public as well as military, enterprises and government enterprises.
Viasat is ramping up investments in the development of its revolutionary ViaSat-3 broadband communications platform, which will have nearly 10 times the bandwidth capacity of ViaSat-2. These satellites will be capable of covering one-third of the world, including all Americas.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.