US utility holding company Consolidated Edison selected IoT firm C3 to assist its subsidiaries optimise their operations using data analytics.In a press statement, C3 announced that it was contracted by Consolidated Edison to integrate its IoT solution with Con Edison and Orange and Rockland Utilities’ grid networks.
The two utility firms will use the IoT technology to achieve reliable and secure grid data telemetry from multiple smart grid applications to enhance management of grid networks in real-time.
The deployment of the C3 IoT platform by Con Edison and O&R will enable the energy companies to reduce their operating costs and improve their customer services by introducing new operational business models.
IoT solution, data storage and smart meter rollout
The solutions provider claims that its IoT solution will enable utilities of Consolidated Edison to “ensure the optimal deployment and operational health of 5 million smart meters, and develop new products and services for improved customer engagement.”
Con Edison and O&R expects that the cloud-based solution has the ability to store 480 million meter data points per day.
The two utilities estimate their smart grid data volumes to exceed 115 terabytes.
The multi-year project falls under efforts by Con Edison to transform into a digital utility.
Ed Abbo, president of C3 IoT, said: "Together, we will harness the power of elastic cloud computing, big data, analytics and machine learning, and the Internet of Things to jumpstart Con Edison's ability to realize operational efficiencies, better serve customers, and meet the challenges and opportunities of the changing energy industry with precision and accuracy."
Smart grid funding
The news follows an announcement made by Con Edison in late January that it secured an approval to increase energy tariffs.
The New York State Public Service Commission approved Con Edison’s tariff increase to raise the capital needed for its smart grid investment plan.
Audrey Zibelman, chairman at PSC, said the approved smart grid investment plan "... furthers our efforts to move utilities toward a cleaner, more distributed, customer-centric model for utility service, along with less costly and cleaner alternatives to traditional utility infrastructure investments.
“In addition, for both electric and gas, improvements are made to ensure the most vulnerable customers are protected and that the delivery systems are resilient and reliable.” Read more...