US smart metering company WAVIOT last week announced the completion of its AMI project with Russian property management company, Solnechniy Gorod.WAVIOT entered into a US$405,000 contract with Solnechniy Gorod for the provision of its smart water solution to improve the company’s grid monitoring and water billing system.
Under the contract, WAVIOT installed 3 base stations and 15,000 smart water meters in Solnechniy Gorod apartments in Pen City, Russia.
Smart metering benefits
Batalov Andrey, chief facility manager of “Solnechniy Gorod” said “we have taken a full hands-on control over the water consumption preventing serious disbalances and getting fast leaks detection”
According to a press statement, Solnechniy Gorod says it has recorded benefits such as reductions in non- revenue water and manual meter reading costs, fast leak detections, and automation of data processing.
Today, the property management company is saving US$29,000 on a monthly basis, savings previously lost to non-revenue water. In addition, manual meter reading costs amounted to US$5,000 and the company spent US$4,000 on manual processing of meter readings and leak detection.
WAVIOT’s smart metering provides a low-power wide area network (LPWAN) solution for smart water meters, allowing monitoring of water consumption online.
The solution’s LPWAN is based on gateways effective on a 15+ mile cover range and utilises a cloud platform, with flexible access for meter readings monitoring and accounting.
WAVIOT in smart electric metering
Due to the success of the smart water metering project, WAVIOT and Solnechniy Gorod will roll out smart electric meters which will utilize the capacities of the existing network infrastructure reducing the total cost of deployment.
George Shemcuk, digital director at WAVIOT wrote: "... a user just needs to plug the smart device in and it becomes connected to smart network at once."
He added,"We see a lot of potential and business coming from Europe, Asia and Latin America."
Global smart water meters landscape
[quote] The WAVIOT, Solnechniy Gorod deal follows Q3 2015 release of a report on smart water management by US-based market intelligence company Markets and Markets.
The report predicted the global market for smart water management will grow by 20% over the next five years, driven by government regulations to maintain water quality.
New research suggests the value of the market will increase from US$7,340 million in 2015 to US$18,310 million.