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    LAND   CH0371153492

LANDIS+GYR GROUP AG

(LAND)
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Delayed Swiss Exchange  -  05/27 11:31:37 am EDT
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Landis+Gyr : Berkeley Electric Cooperative Selects Landis+Gyr's Gridstream Connect for Smart Grid Deployment

11/17/2021 | 01:07pm EDT

The utility will deploy 110k advanced meters, along with smart lighting sensors and load management devices

ATLANTA, GA. - November 17, 2021 - Landis+Gyr (SIX: LAND) and Berkeley Electric Cooperative have agreed on a contract for an extensive smart grid technology deployment to connect advanced metering, load management and street light automation on a single network.

Berkeley Electric, the largest cooperative utility in South Carolina, is deploying Landis+Gyr's Gridstream® Connect IoT platform for grid management. It features a multi-purpose RF mesh network which enables communication with advanced meters, intelligent sensors, and switches. The smart grid project also includes 110,000 advanced meters, 55,000 street light controllers and 33,000 load control devices for improved reliability, efficiency, and customer service.

"We recognized the need to connect to more devices and access more data to manage the rapidly changing power requirements of our members. While our cooperative's top priority remains delivering reliable power, we are also expanding other services and ensuring we provide support for distributed energy resources and electric vehicle integration," said Dawn Pascoe, AMI Leader at Berkeley Electric.

Gridstream Connect supports a wide range of intelligent devices for grid management and the ability to run software apps on those devices for a variety of purposes. The street light controllers and load management devices both feature metrology functions and can run programs that expand their capabilities to multiple functions.

"This is a groundbreaking project that demonstrates the many ways smart grid technology can impact utility operations and customer service," said Jim Richardson, Senior Director of Sales at Landis+Gyr. "We're excited to be working with a forward-looking cooperative like Berkeley Electric to help set a foundation for grid modernization programs in the future."

About Berkeley Electric

Berkeley Electric Cooperative is the largest, not-for-profit electric cooperative in South Carolina. It serves over 100,000 member accounts in Berkeley, Charleston and Dorchester counties.

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 around 5,000 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better.

Media Contact

Landis+Gyr

Dan Jacobson | Regional Contact North America

Senior Marketing Communications Manager

Dan.Jacobson@landisgyr.com

Disclaimer

Landis&Gyr Group AG published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 17:59:24 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2022 1 482 M - -
Net income 2022 87,1 M - -
Net Debt 2022 86,0 M - -
P/E ratio 2022 22,1x
Yield 2022 3,81%
Capitalization 1 682 M 1 682 M -
EV / Sales 2022 1,19x
EV / Sales 2023 1,12x
Nbr of Employees 6 500
Free-Float 88,9%
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Werner Lieberherr Chief Executive Officer
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Andreas Vicente Umbach Executive Chairman
Eric A. Elzvik Lead Independent Director
Andreas Stanley Spreiter Independent Director
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