CoaLogix Wins 2008 Platts Global Energy Award for Commercial Technology of the Year

Committee Recognizes Cutting Edge SCR Catalyst Regeneration and Management Technology along with Revolutionary Mercury Remediation Technology

CHARLOTTE, N.C., Dec. 11 /PRNewswire-FirstCall/ — CoaLogix, owned by Acorn Energy, Inc. (Nasdaq: ACFN) and EnerTech Capital, today announced that it has been awarded the 2008 Platts Global Energy Award for Commercial Technology of the Year. The Platts Global Energy Awards, which are widely considered the “Academy Awards of the Energy Industry,” recognize leadership and innovation in the energy industry, recognize excellence and innovation by companies and executives in more than a dozen sectors within the global energy industry. Platts received nearly 200 nominations from energy companies in more than 22 countries. Nominees included integrated energy companies, private and public laboratories, power generators, producers, refiners, consultants and others.

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The Commercial Technology of the Year Award recognizes companies which are truly on the forefront of sustainable technological innovation. To qualify, companies must show that their commercial technology has practical applications in the pursuit of efficiency, business advantage and profit. Nominees must demonstrate the significance of their technology in relation to emissions reduction, practicality, reliability and overall commercial success. CoaLogix was selected as the winner of the Award over hundreds of other nominees and six other prominent and distinguished finalists including CNOOC (The China National Offshore Oil Corporation), EnerNOC, Lennox Industries, Red Spider, Salt River Project and Southern California Edison.

CoaLogix provides cutting edge services to coal fired generating facilities to reduce their environmental footprint through technology, optimization and efficiency improvements. SCR-Tech’s technology allows the regeneration of catalyst used in Selective Catalyst Reduction (SCR) used by power plants for the reduction of nitrogen oxide. Nitrogen oxides are a large contributor to greenhouse gases and the environmental footprint of coal fired power plants. CoaLogix also provides its MetalliFix(TM) technology which captures and remediates mercury emissions from coal fired plants.

William (Bill) McMahon, Founder, President and CEO of CoaLogix said “On behalf of our employees, investors and especially our customers we are proud to accept this very prestigious award. Platts has recognized the value that we have been providing to our customers by delivering holistic environmental compliance to coal fired power plants. We all believe that coal will be an important part of the US and world energy mix in the future and we must do everything possible to make sure that it is as environmentally acceptable as possible.”

Winners were announced at a gala and dinner at Cipriani Wall Street in New York City on Wednesday, December 3rd.

About CoaLogix

CoaLogix provides cutting edge services to coal fired generating facilities to reduce their environmental footprint through technology, optimization and efficiency improvements. CoaLogix owns SCR Tech which is a leading provider of catalyst regeneration technologies and management services for selective catalytic reduction (SCR) systems used by coal-fired power plants to reduce nitrogen oxide (NOx) emissions. CoaLogix integrates leading edge technologies and a highly skilled workforce with more than 100 years of combined experience in the environmental and power generation industries to provide innovative, cost-effective SCR catalyst management and regeneration services that help our customers achieve and maintain compliance with increasingly stringent NOx regulations. Currently, coal-fired power plants in the United States contain approximately $1 billion of catalyst in their SCR systems, which will need to replaced or regenerated at some point in its life cycle. CoaLogix also provides its MetalliFix(TM) technology which captures and remediates mercury emissions from coal fired plants.

About Acorn Energy, Inc.

Acorn Energy, Inc. is a publicly traded holding company focused on improving the efficiency and environmental impact of the energy infrastructure, fossil fuel and nuclear industries. Our 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 CoaLogix, Comverge, Coreworx, DSIT and Gridsense. For more information visit www.acornenergy.com.

Contact:

    Lloyd Swaringer
    CoaLogix
    Marketing Manager
    (704)812-4068

    Julia Davis
    Marketing Manager
    Acorn Energy Inc.
    +1 (302) 656 1707
    jdavis@acornenergy.com

SOURCE Acorn Energy, Inc.