Itron, Inc. (NASDAQ:ITRI) announced today that National Grid, a supplier of electricity to approximately 3.4 million customers in the Northeast, has selected Itron’s smart grid solution which uses Cisco’s multi-application communications network for the utility’s 10,000 meter Smart Grid Pilot Program in Worcester, Mass. This project adds to the successful 5,000 meter early field trial (EFT) that started in February 2012 in Worcester. National Grid will begin deploying the full pilot in early 2013.
The expanded Smart Grid Pilot Program will leverage and build upon the smart grid infrastructure from the EFT. National Grid will also expand the highly secure IPv6 communication network based on Cisco’s GridBlocks TM architecture and Cisco Connected Grid routers. Back office applications, including Itron’s meter data management, collection engine and reporting software, Cisco’s Connected Grid Network Management System, and other third party application software will continue to be provided through Itron’s cloud computing and Software as a Service (SaaS) offerings.
National Grid’s Smart Grid Pilot will evaluate the integration of home automation, dynamic pricing and distribution automation as a mechanism to improve service reliability and save customers money through increased energy awareness. The pilot will provide customers access to detailed energy usage information, which customers can access online, with cell phone apps or through a variety of technologies installed in homes and businesses.
During the EFT, Itron, Cisco and National Grid collaborated to test and demonstrate the capabilities of the new IPv6 communication network. This included operating multiple applications simultaneously over the IPv6 network composed of advanced metering, home area networking and distribution automation. The field trial also successfully demonstrated remote and secure technology upgradability over the air, and network load balancing and monitoring. The smart grid communication network received high marks for end-to-end system reliability and resiliency where the network effectively recovered and rebalanced itself after simulated failures and outages. These capabilities were effectively utilized and further evaluated in supporting National Grid’s efforts to restore power in the wake of Hurricane Sandy.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV