Itron, Inc. (NASDAQ:ITRI), a global technology company that helps utilities measure, manage and analyze energy and water, and Tantalus, a leading provider of Smart Grid communications, today announced they have been selected for an initial deployment of smart meters and AMI infrastructure for South American utility Guyana Power and Light (GP&L). This project will be a part of the Sustainable Operations of the Energy Sector and Improve Quality of Service (GY-L1037) program which is financed by the Government of Guyana through a loan from the Inter-American Development Bank and GP&L. The National Procurement and Tender Administration Board (NPTAB) of Guyana, through competitive bidding, selected Tantalus and Itron to supply electricity meters and complementing communications infrastructure based on the technical advantages and competitive value of the joint solution.
“As part of a competitive process, we found that the Tantalus/Itron partnership offered us the best overall package that provided us with a reliable, future-proof, cost-effective path to smart metering and other applications,” said Kumar Sharma, Divisional Director for Guyana Power and Light. “We look forward to getting this project underway as we continue to increase the efficiency and functionality of our electricity grid over the coming years.”
Guyana’s deployment is the first international joint project between Tantalus and Itron since the two companies announced an alliance in late 2011. The strategic alliance combines Itron’s SENTINEL® and CENTRON® electricity meters as well as its electric, gas and water ERT modules with Tantalus’ comprehensive communications network, TUNet®, the Tantalus Utility Network, to reach public power utilities in North and South America. Uniting the capabilities of TUNet with Itron’s electricity meters has allowed the companies to offer a joint solution that accommodates smart metering, demand response and distribution automation for international markets such as Guyana.
“We’ve been strategic in our expansion into international markets that recognize the full range of possibilities that can be achieved from robust two-way communications networks and smart metering,” said Tantalus CEO Eric Murray. “Guyana Light and Power is leading the way in smart grid technology by building a network that anticipates the needs of tomorrow’s grid.”
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts