Landis+Gyr Announces Contract with Otter Tail Power Company for Advanced Metering Infrastructure

Rhea-AI Summary

Landis+Gyr Technology Inc. has secured a contract with Otter Tail Power Company to supply advanced metering infrastructure, software, and services to enhance the utility's energy grid across Minnesota, North Dakota, and South Dakota. The agreement entails the delivery of 175,000 advanced meters and a 20-year SaaS contract for data management and analytics. This initiative aims to improve outage management and empower consumers with better energy management through Landis+Gyr's innovative Revelo meters, highlighting the company's commitment to smart energy solutions.

Positive

• Secured a 20-year SaaS agreement with Otter Tail Power Company.
• Contract includes the deployment of 175,000 advanced meters.
• Utilization of Revelo meters enhances data management and analytics capabilities.

Negative

• None.

ATLANTA, Ga, March 8, 2022 /PRNewswire/ -- Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG (SIX: LAND), announced an agreement with Otter Tail Power Company to provide advanced metering infrastructure, software and services to support the utility's plans to create a smarter, stronger energy grid across its three-state service territory.  

The contract includes 175,000 advanced meters and network communications using Gridstream RF Mesh IP and cellular networks, along with a 20-year SaaS agreement for meter data management, advanced grid analytics and system operating software. Landis+Gyr's Revelo meter, which offers leading-edge computing and waveform sampling capabilities, will be used for all services.

"We're focused on upgrading and automating our enterprise and business systems to ensure we continue delivering reliable and efficient energy for our customers. This project with Landis+Gyr helps us prepare for the dynamic changes happening on the grid and enables us to engage customers more directly in energy management," said Al Koeckeritz, Otter Tail Power's Manager of Advanced Concepts and Energy Management and Control.

The project covers a broad service territory in northwestern Minnesota, eastern North Dakota, and northeastern South Dakota. Most of the networked meters will operate on a Mesh IP network, with Landis+Gyr's omni-carrier cellular solution supporting the remainder. Otter Tail Power will implement Landis+Gyr's operational and reliability analytics modules, which in conjunction with meter data management, will help improve outage management and response.  

"We look forward to working with Otter Tail Power to support their enterprise and technology upgrades and aid their transition to cleaner, more reliable energy for their customers. The ability to monitor and process high resolution data at the grid edge with Revelo promotes better load balancing, power quality, and reliability, while making energy management easy for consumers," said Jay Lasseter, Vice President of Industry and Growth at Landis+Gyr.

Part of the Gridstream Connect platform of IoT devices, Revelo is a next generation grid sensing meter that delivers new capabilities for both consumers and grid operators. The meter's high-resolution sensing pinpoints grid anomalies and offers detailed load analysis for unprecedented visibility into energy delivery and use.

About Otter Tail Power Company
Otter Tail Power Company, a subsidiary of Otter Tail Corporation (Nasdaq Global Select Market: OTTR), is headquartered in Fergus Falls, Minnesota. With a balanced commitment to environmental, economic, and community stewardship, the company provides electricity and energy services to approximately 230,000 people in Minnesota, North Dakota, and South Dakota. To learn more about Otter Tail Power Company visit otpco.com. To learn more about Otter Tail Corporation visit ottertail.com. 

About Landis+Gyr

Landis+Gyr is a leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, we deliver innovative and flexible solutions to help utilities solve their complex challenges in Smart Metering, Grid Edge Intelligence and Smart Infrastructure. With sales of USD 1.4 billion in FY 2020, Landis+Gyr employs around 5,000 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better.

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Contact

Landis+Gyr
Dan Jacobson | Regional Contact North America
Senior Marketing Communications Manager
Dan.Jacobson@landisgyr.com
320-307-7486

Investor inquiries: ir@landisgyr.com
Media inquiries: pr@landisgyr.com

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SOURCE Landis+Gyr

FAQ

What is the significance of the contract between Landis+Gyr and Otter Tail Power Company?

The contract represents a significant collaboration aimed at enhancing energy grid management and consumer engagement across Otter Tail Power's service area.

What technology will be provided in the Landis+Gyr and Otter Tail Power agreement?

Landis+Gyr will provide 175,000 advanced meters, software infrastructure, and a SaaS contract for meter data management.

How long is the SaaS agreement with Otter Tail Power Company?

The SaaS agreement is for a duration of 20 years.

What regions will benefit from the Landis+Gyr contract?

The contract will benefit customers in northwestern Minnesota, eastern North Dakota, and northeastern South Dakota.

What advanced features does the Revelo meter offer?

The Revelo meter offers advanced computing and waveform sampling capabilities for improved load analysis and grid monitoring.