Landis+Gyr has been contracted to deliver an initial 565,000 smart electricity meters to Israel Electric Corporation.
The contract also includes delivery of the head-end system and services for the maintenance of the existing meter data management system and related applications.
It also includes the opportunity to extend the smart meter order up to 4.2 million units and the provision that 40% of the meters are allocated to a third-party meter supplier acting as subcontractor to Landis+Gyr.
“We are delighted to be accompanying Israel Electric Corporation in this digitalisation journey and would like to thank the company for selecting Landis+Gyr as their strategic partner for this important project,” said Vincenzo Annunziata – Head of Region Greece, Middle East & Export Markets.
The smart metering rollout, which will replace the existing meter fleet, is expected to run until 2028 and is envisaged as a cornerstone for the establishment of a smart grid in Israel.
With the project, Israel Electric expects to achieve a high level of integration and interoperability across its extended AMI systems and to harvest AMI data to extract process efficiencies, improve quality of supply, enhance AMI security, boost customer experience and introduce new services.
Israel Electric Corporation is a state owned vertically integrated electricity company, responsible for generation, transmission, distribution and supply to all sectors of the economy.
Under the sector reform currently under way the Corporation is focussing its activity in the T&D segments, with a reduction of its share in the generation segment and an opening of supply to competition due in Q3 of 2024.
Alongside an upgrading and expansion of the transmission system to enable increased renewable integration, with targets of a 20% share in 2025 and 30% in 2030, the Corporation is also focussing on the delivery of energy storage and the introduction of electric vehicles.
Israel has targetted an 85% greenhouse gas emission reduction from 2015 levels by 2050.