Elster, a company that specializes in smart metering and smart grid systems, announced that Dominion Virginia Power, one of the nation’s largest electricity utilities has chosen its EnergyAxis® Smart Grid System Solution for use in the utility’s recently announced energy conservation plans.
In 2009 Dominion Virginia Power plans to deploy 200,000 smart meters as part of a large demonstration program of smart grid technology in urban and rural areas of its service territory. Dominion expects to improve customer service and business operations through advanced system control, real-time outage notification, and power quality monitoring.
Also as part of this program, Dominion Virginia Power is deploying a number of smart thermostats with the EnergyAxis® System for a residential critical peak pricing pilot this summer. Dominion will measure customer responsiveness to changing energy prices and the impact on energy demand during peak usage periods.
No financial details were disclosed. However, Dominion announced in a separate release that it will invest about $600 million to build the smart grid.
"Dominion is an industry leader, providing its customers with state-of-the-art, cost-effective, energy conservation programs," said Ivo Steklac, global vice president, Elster Integrated Solutions. "We are excited that our EnergyAxis® AMI System will provide Dominion with a solid foundation to help meet its business and energy conservation goals."
About Elster
Elster, a leader in smart metering and smart grid solutions has delivered over 1.5 million smart metering devices worldwide with systems located in North America, Europe, Central America, Australia, New Zealand and the Caribbean. Elster smart metering system solutions provide utilities with energy conservation capabilities via demand response programs, smart grid applications, and operational efficiencies resulting in significant value creation across the utility enterprise. Elster has over 7,500 staff and operates globally in North America, South America, Europe, Africa, Middle East, and Asia.
About Dominion Virginia Power
Dominion Virginia Power is a subsidiary of Dominion Resources (NYSE:D), one of the nation’s largest producers of energy, with a portfolio of approximately 26,500 megawatts of generation. Dominion serves retail energy customers in 11 states. For more information about Dominion and the proposed conservation program, visit the company’s Web site at www.dom.com.
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