• $200 Million Project To Deploy 1 Million Smart Meters Over Next Five Years
• Honeywell's Elster Advanced Metering Solution to Provide Cost Savings, Efficiency for Utility
• Enables More Accurate Billing, Payment Options, Resources to Manage Energy Consumption
RALEIGH, N.C. – 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.
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.
(952) 334-4337 (mobile)
Web Site: http://www.honeywell.com