Israel Electric Corporation (IEC) and Landis+Gyr sign agreement for smart metering solutions
Cham, Switzerland. – July 10, 2023 – Israel Electric Corporation (IEC) is proceeding with the rollout of smart meters and has chosen to partner with Landis+Gyr for smart electricity meters, software and services to meet future needs and regulations. The contract was officially signed on June 5th in Tel Aviv.
As part of the tender, Landis+Gyr AG will deliver 565,600 residential smart electricity meters – a quantity that can be extended by Israel Electric Corporation (IEC) via multiple options to 4.2 million units. 40% of the above quantities is allocated to a third-party meter supplier acting as subcontractor to Landis+Gyr as required by the tender rules. Landis+Gyr AG will also provide the head-end system and a set of services for the maintenance of the existing meter data management system and related applications.
At the contract signing ceremony, IEC expressed that they see this smart metering project as a cornerstone for the establishment of Israel’s smart grid.
With Landis+Gyr, IEC is embarking on a nationwide rollout which is expected to run until 2028. With this project, IEC expects to achieve a high level of integration and interoperability across its extended AMI systems and harvest AMI data to extract process efficiencies, improve quality of supply, enhance AMI security, boost customer experience and introduce new services.
"We are thrilled to be selected as partner for this extensive project in Israel’s journey towards decarbonization and look forward to working together with IEC to upgrade their infrastructure with our state-of-the-art metering and energy management solutions”, said Bodo Zeug, EVP and Head of EMEA at Landis+Gyr.
Smart metering use cases will be upgraded to meet future needs by replacing the existing metering fleet with new, efficient and intelligent devices across residential, commercial and industrial areas.
“Our smart metering solutions embody the latest innovation in hardware, software, connectivity and security thus enabling digital actions for more effective distribution network operations and reduction of CO₂ emissions. We are delighted to be accompanying IEC in this digitalization journey and would like to thank IEC for selecting Landis+Gyr as their strategic partner for this important project”, said Vincenzo Annunziata – Head of Region Greece, Middle East & Export Markets.
Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided more than 9.5 million tons of CO₂ in FY 2022, Landis+Gyr manages energy better – since 1896. With sales of USD 1.7 billion in FY 2022, Landis+Gyr employs around 7,800 talented people across five continents. For more information, please visit our website www.landisgyr.com.
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