Swiss-based company Landis+Gyr recently announced a deal with Hydro-Quebec, one of Canada’s largest utility providers, to deploy approximately three million smart meters by the year 2017. The contract is worth a reported $350 million, and pilot phases are expected to rollout in Montreal and other areas later this year.
This April, we noted a competing $270 million contract between BC Hydro and Itron that looks to install roughly two million smart meters in Canada over the next two years. And late last year, we reported that Landis+Gyr had been contracted for a similar smart grid project in Texas, deploying meters in San Antonio. But the most recent news comes just following the announcement that Landis+Gyr, a once privately held firm, is the process of being acquired under a $2.3 billion deal with technology giant Toshiba. No word on if that acquisition had any affect on the contract with Hydro-Quebec.
Installation of the smart meters will allow the utility provider to collect usage, voltage, and power quality data from ratepayers, and the company claims consumers will be able to see real-time information about the electricity they purchase as well, someday.
Part of the agreement calls for Landis+Gyr to build what they’re calling a “center of excellence” that will house calibration, inspection, meter assembly, and network management tools, among other things. The opening date for the center was not listed, but according to the release, the facility may employ up to seventy-five local, new workers.