Landis+Gyr Signs Contract with Louisville Gas and Electric Company and Kentucky Utilities Company for Advanced Metering Infrastructure and IoT Network

Rhea-AI Summary

Landis+Gyr Technology has inked a five-year contract with Louisville Gas and Electric and Kentucky Utilities to implement advanced metering and smart grid infrastructure. This deal includes 930,000 electricity meters and 300,000 gas modules, along with necessary network equipment and software. The technology aims to enhance service reliability and enable customers to better manage energy use. The project, approved by the Kentucky Public Service Commission, highlights Landis+Gyr's role in modernizing Kentucky's energy system, offering a comprehensive IoT network for energy distribution.

Positive

• Contract for five years with LG&E and KU to enhance advanced metering and smart grid infrastructure.
• Deployment of 930,000 advanced electricity meters and 300,000 gas modules.
• Approval from Kentucky Public Service Commission indicates regulatory support and market validation.

Negative

• None.

CHAM, Switzerland, Aug. 23, 2021 /PRNewswire/ -- Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG (SIX:LAND) signed a five-year agreement with Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) to provide a comprehensive advanced metering and smart grid infrastructure.

The contract, which covers both operating utilities, includes 930,000 advanced electricity meters and 300,000 gas modules, in addition to network equipment and software. Both utilities will deploy Landis+Gyr's Gridstream® Connect solution, which links the electric and gas advanced metering infrastructure endpoints to an IoT network capable of supporting a variety of intelligent devices for managing energy distribution systems.

"Installing this technology across our customer base has been a goal of ours for some time and we're pleased full deployment of advanced metering infrastructure was approved in June by the Kentucky Public Service Commission," said David Huff, Director of Advanced Meter Initiatives at LG&E and KU. "Once installed and operational, this technology will enhance the safe, reliable service we provide our customers and will better enable them to save energy and money through access to their granular energy use."

Landis+Gyr's Gridstream network provides utilities with the information and access needed for planning, maintenance, and improving system reliability. Beyond energy consumption information, the network can interface with load management and analytics platforms to provide actionable intelligence for utility operations.

"Landis+Gyr is excited to be part of this grid modernization effort and we look forward to implementing technology that enables the goals that LG&E and KU have defined for the future of energy in Kentucky," said Prasanna Venkatesan, Landis+Gyr's Executive Vice President of the Americas region.

About LG&E and KU
Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 332,000 natural gas and 425,000 electric customers in Louisville and 16 surrounding counties. KU serves 564,000 electric customers in 77 Kentucky counties and five counties in Virginia. More information is available at www.lge-ku.com and www.pplweb.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 more than 5,000 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better. For more information, please visit our website www.landisgyr.com.

Contact Media 
Melissa van Anraad 
Head of PR
Phone +41 41 935 6398 
Melissa.vanAnraad@landisgyr.com  

Eva Borowski 
SVP Investor Relations & Corporate Communications 
Phone +41 41 935 6396 
Eva.Borowski@landisgyr.com

Contact Investors 
Christian Waelti 
Head of Investor Relations 
Phone +41 41 935 6331 
Christian.Waelti@landisgyr.com 

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SOURCE Landis+Gyr

FAQ

What is the significance of the contract between Landis+Gyr and LG&E/KU?

The contract signifies a major investment in smart grid technology and advanced metering infrastructure by LG&E and KU, enhancing energy management.

What does the agreement between Landis+Gyr and Louisville Gas and Electric involve?

The agreement involves the deployment of 930,000 advanced electricity meters and 300,000 gas modules over five years.

What technology will be deployed in Kentucky's utilities?

Landis+Gyr's Gridstream® Connect solution will be used, linking metering infrastructure to an IoT network.

When was the contract with LG&E and KU approved?

The contract was approved in June 2021 by the Kentucky Public Service Commission.

How does this contract affect PPL Corporation?

As LG&E and KU are part of PPL Corporation, this contract may positively impact its operational efficiencies and service reliability.