Rhode Island Energy Selects Landis+Gyr to Deploy Advanced Smart Grid Technology
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Insights
The contract between Landis+Gyr and Rhode Island Energy signifies a strategic investment in smart grid technology which is pivotal for the energy sector's transition to more efficient and reliable energy distribution. The deployment of 530,000 smart meters is a substantial upgrade for Rhode Island Energy's infrastructure, likely to enhance operational efficiencies and customer engagement through real-time data analytics.
This modernization effort aligns with broader industry trends where utilities are increasingly adopting smart grid solutions to integrate renewable energy sources and support the electrification of transportation. By leveraging Landis+Gyr's Gridstream® Connect network and Revelo® meters, Rhode Island Energy is positioning itself to handle future energy demands and regulatory requirements for carbon emission reductions.
Investors and stakeholders should note the potential for cost savings in the long term due to decreased energy wastage and improved grid management. However, the upfront capital expenditure for such a technology rollout could impact short-term financials. The project's success could serve as a benchmark for other utilities, potentially influencing Landis+Gyr's market share and stock performance.
From a sustainability perspective, the agreement between Landis+Gyr and Rhode Island Energy is a significant step towards achieving a net-zero carbon emissions goal by 2050. The installation of advanced metering infrastructure (AMI) is crucial for enhancing the grid's ability to integrate distributed energy resources (DERs), such as solar and wind power, which are essential for a sustainable energy future.
The Revelo® meters with grid-edge sensing and edge computing capabilities enable more precise energy management and can facilitate the transition to renewable energy by providing the necessary data to balance supply and demand effectively. This technology supports the electrification of transportation, which is another critical component of reducing carbon footprints.
Stakeholders should recognize the environmental benefits and the potential for regulatory incentives that may arise from such investments in green infrastructure. Moreover, the enhanced grid reliability and efficiency could improve public perception of utilities, indirectly benefiting their brand value and customer loyalty.
The integration of Landis+Gyr's Gridstream® Connect AMI network and Revelo® smart meters into Rhode Island Energy's grid infrastructure represents a notable advancement in energy technology innovation. The use of RF Wi-SUN network technology for the meters enables robust wireless communication, which is critical for the scalability and interoperability of smart grid systems.
Edge computing capabilities embedded in the meters allow for localized data processing, which can lead to faster response times for grid management and troubleshooting. This grid-edge intelligence is a leap forward in managing the complexities of modern energy systems, particularly with the growing prevalence of DERs and the variable nature of renewable energy sources.
For the broader technology and utility sectors, this deployment could act as a catalyst for further innovation, potentially leading to new business models and services around energy consumption and management. The technology's ability to provide real-time load disaggregation and pricing information could empower consumers and drive the development of more sophisticated energy management tools.
The agreement includes installation of the Gridstream® Connect AMI network, Revelo® smart sensing meters, software, and support to enable grid modernization for improved reliability and efficiency
The utility will be installing Landis+Gyr's Revelo metering platform, featuring grid-edge sensing and edge computing capabilities to manage load and support grid troubleshooting. The Revelo meter operates on Landis+Gyr's RF Wi-SUN network, which also supports interaction with other smart energy and smart city devices.
The path to net zero carbon emissions by 2050 is driven by technology, and Rhode Island Energy is in the midst of creating a two-way grid that has the flexibility to support electrification of transportation while integrating renewable energy resources. Adding grid edge intelligence across its distribution system through advanced metering is a key part of that process.
Landis+Gyr's Gridstream® Connect network and software provide a secure and flexible communications hub for managing metering data. Additionally, advanced grid-edge processing allows for greater consumer engagement with applications such as real-time load disaggregation and pricing information.
By deploying advanced metering technology, Rhode Island Energy is better able to support plans for further integration of distributed energy resources, increasing the scale of transportation electrification and balancing other new loads coming onto the grid. Rhode Island Energy's deployment of the new meters is expected to begin in 2025.
"The Revelo platform is truly the next generation of electric meter, with grid sensor capabilities built in that improve consumer energy management and distribution grid awareness to better balance load and integrate distributed energy resources," said Chuck Yechout, Vice President of Sales and Marketing at Landis+Gyr. "We look forward to working with Rhode Island Energy on their grid modernization goals."
About Rhode Island Energy
Rhode Island Energy provides essential energy services to over 770,000 customers across
About Landis+Gyr
Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided more than 9.5 million tons of CO₂ in FY 2022, Landis+Gyr manages energy better – since 1896. With sales of
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SOURCE Landis+Gyr
FAQ
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