Dive Summary:
- AEP Texas already had an agreement with Landis+Gyr to use 720,000 of their smart meters in Texas, and they extended that contract this week to include another 280,000 units.
- Landis+Gyr is owned by the Japanese company Toshiba, who purchased it last year for $2.3 billion.
- Smaller contracts are becoming more important for makers as the North American smart meter market slows down.
From the article:
Landis+Gyr extended its contract with AEP Texas on Monday, providing an additional 280,000 meters, bringing the full deployment to about one million smart meters.
The utility has already deployed more than 500,000 meters as part of its original contract with Landis+Gyr for 720,000 meters. The additional automated metering infrastructure will go in the rural parts of AEP Texas’ territory. ...
