RALEIGH, N.C., Feb. 9, 2016 /PRNewswire/ -- Honeywell
(NYSE:HON) announced today that it has been selected by
Memphis Light, Gas and Water (MLGW) for a five-year project worth
more than $200 million to fully
deploy Honeywell's Elster EnergyAxis® AMI advanced
metering technology throughout MLGW's service territory. MLGW is
the largest three-service public utility in the United States, with more than 1 million
utility meters.
Under the project, which expands on an earlier, smaller smart
meter installation project for the utility by Elster, Honeywell
will install a fully integrated smart energy solution that includes
about 1 million electric, gas and water smart meters. The project
includes communications modules to facilitate automated meter
reading and software solutions to analyze and manage the data. The
rollout is expected to be completed by the end of 2020. Elster was
acquired by Honeywell in December
2015.
The solution will provide operational and cost efficiencies for
MLGW through integrated metering of electric, water and gas in its
service territory and the automated collection of meter data.
Customers will benefit by having access to more data about their
energy consumption and resources to help them better manage their
usage.
"Memphis and Shelby County joins communities across
Tennessee and the nation who are
using smart meters and benefiting from efficient utility service
delivery, enhanced payment options and increased customer savings.
This is an exciting time in MLGW's 77-year history and we are
delighted to work with such a respected company as Honeywell in
this endeavor," said Jerry Collins
Jr., president and CEO of MLGW.
MLGW began its transition to smart grid technology in 2013 with
a first phase deployment of the EnergyAxis AMI solution, consisting
of approximately 60,000 electric, water and gas smart meters,
communications and software.
"We are committed to working closely with MLGW to continue to
strengthen the reliability and security of its utility services,"
said Jeff Tolnar, vice president and
general manager of Honeywell's Elster Smart Energy Electricity
Americas (formerly Elster Solutions). "As part of Honeywell, we now
have access to its extensive technology portfolio, and will
contribute to the company's growth in home and building
connectivity around the world."
Honeywell provides complete Smart Grid and Energy Management
Solutions that drive energy efficiency, operational improvements
and cost savings for utilities, commercial and industrial customers
and consumers. It has more than 120 active EnergyAxis deployments
worldwide, including 77 in the United
States, 16 of which are in the Tennessee Valley.
About Honeywell
Honeywell (www.honeywell.com) is a
Fortune 100 diversified technology and manufacturing leader,
serving customers worldwide with aerospace products and services;
control technologies for buildings, homes, and industry;
turbochargers; and performance materials. For more news and
information on Honeywell, please visit www.honeywellnow.com.
Contacts:
Mark Hamel
|
Tracy
Sciacca
|
Honeywell
|
Weber
Shandwick
|
(952) 334-4337
(mobile)
|
(651)
983-4346
|
Mark.hamel@honeywell.com
|
tsciacca@webershandwick.com
|
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SOURCE Honeywell