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Landis+Gyr's subsidiary, Etrel, partners with ON Power to enhance EV charging services in Iceland utilizing the OCEAN charge point management system. This collaboration aims to address the rapid growth of electric vehicle registrations in Iceland, which surpassed 60% of new car registrations in 2022. The OCEAN platform supports a scalable and flexible charging infrastructure, allowing ON Power to improve user experience and operational efficiency. This strategic move positions ON Power to meet escalating market demands as it continues to expand its EV charging network, which has been operational since 2014.
Etrel, a Landis+Gyr company, has partnered with ON Power to scale EV charging services in Iceland using the OCEAN charge point management system. This collaboration aims to meet the rising demand for electric vehicle infrastructure, with EV registrations exceeding 60% of new cars in 2022. The OCEAN software is a flexible platform that allows management of various charging locations through a cloud-based solution. As part of the rollout, ON Power will also integrate OCEAN with its ERP and CRM systems to enhance operational efficiency.
Landis+Gyr has committed to joining the Science Based Target initiative (SBTi) to set science-based targets for reducing carbon emissions. Following a previous announcement to achieve carbon neutrality by 2030, the company aims to set both near-term and long-term emission reduction goals in line with the Paris Agreement. Since 2007, Landis+Gyr has reduced its carbon footprint by 47% and helped avoid over 9 million tons of CO2 emissions in 2021. The SBTi commitment will enhance efforts in reducing emissions within operations and the supply chain.
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.
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