Landis+Gyr lands Arizona smart meter contract

Zug, Switzerland-based Landis+Gyr, formerly the Bayard Group, said today that it received a three-year advanced metering contract with Arizona utility Salt River Project.

Valued at $52 million, Landis+Gyr said the deal expands Salt River's M-Power prepay program with the delivery of 300,000 AMPY Pay-Smart meters and related communications solutions.

Landis+Gyr said the AMPY Pay-Smart system can be configured to operate in one of four different modes — credit, credit with in-home display, wireless prepayment or critical peak pricing-demand response.

"The flexibility we build into our solutions enables this one-to-one approach when utilities define and manage the delivery of energy," said Jonathan Elmer, CEO of Landis+Gyr Ampy Solutions.

"Together, Landis+Gyr and SRP share a vision of easily managed and adaptable business models which support consumer choice and empowerment, and we are proud that SRP has chosen to expand their relationship with us as their solutions partner."

Landis+Gyr said Salt River's M-Power customers, on average, experience an annual reduction in household energy consumption of about 12 percent, or 1,750 kilowatt-hours. More than 59,000 Salt River customers currently use M-Power, and another 10,000 customers per year are expected to be added during each of the next five years, according to Landis+Gyr.

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