US utility Public Service Electric and Gas Company (PSE&G) has partnered with Landis+Gyr for the supply and installation of advanced meters, as well as related infrastructure and technologies in New Jersey.
As part of the ten-year deal signed by the two companies, Landis+Gyr will provide the utility with some 2.3 million advanced meters, network infrastructure, and software and services.
The deal is part of the utility’s Clean Energy Future programme designed to accelerate the adoption of advanced technologies capable of helping PSE&G to enhance grid management and customer services, and to reduce its carbon intensity.
As part of the programme, PSE&G will be investing $1 billion to help customers improve their energy efficiency, $700 million in smart meters, and in electric vehicles initiatives.
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The advanced meters will enable the energy provider to ensure revenue protection through accurate consumer energy billing. By accessing real-time data regarding consumer energy usage, PSE&G will be able to provide its customers with personalised services that can help them reduce their energy usage and costs. This in turn would result in improved customer services.
The data will also be used to optimise the management of the grid network, meaning the utility will be able to match energy demand with generation resulting in fewer outages and duration.
The Gridstream network will enable the utility to connect and operate other smart sensors for enhanced grid management. The network will serve as a foundation for data delivery to help expand the adoption of electric transportation.
Innovative technologies such as advanced meters are expected to help the energy company to move a step closer to its net-zero targets which the utility revised in late June from 2050 to 2030. To achieve the new target, PSE&G will direct its 2021-2025 budget of up to $16 billion towards grid decarbonisation, smart grids, emission/methane reduction, clean energy transition and climate and storm adaptation, according to Reuters.