landis+gyr-to-launch-smart-water-meter-and-showcase-latest-grid-edge-and-ev-charging-solutions-at-enlit-europe

Landis+Gyr to Launch Smart Water Meter and Showcase Latest Grid Edge and EV Charging Solutions at Enlit Europe

 

Showcasing its expanded portfolio in Smart Metering, Grid Edge Intelligence and Smart Infrastructure, Landis+Gyr (SIX: LAND) will exhibit the latest hardware and software solutions for electricity, heat, gas and water metering. In addition, the company introduces stations and tools for energy-efficient EV charging.

The company launches its latest addition of ultrasonic smart water meters, W270 and W370, based on IoT technologies. In line with the Landis+Gyr Green Design principles, the new portfolio is 100% recyclable after its extensive lifetime of more than 15 years. In order to deliver valuable information for smart water networks, the meter provides not only data in terms of volume, but also additional information like water temperatures, statistical values, alarms and events. Equipped with modern IoT communication like NB-IoT, the meter is fully integrated into latest generation communication networks, enabling remote control.

In addition, Landis+Gyr showcases its interactive electric vehicle charging line, INCH Pro and INCH Duo which enable the best user experience and reduce operating costs, dynamically balancing charging power for more energy-efficient charging. Accepting digital signals through the power lines and frequency monitoring make INCH chargers capable of autonomously responding to grid conditions – managing the charging power and impact on the electric grid. Furthermore, the OCEAN software, a scalable and remote EV charge point and energy management software, performs advance load management tasks to support demand response and load flexibility services.

Since the launch of Gridstream® Connect, its secure and scalable IoT platform in 2019, Landis+Gyr has been upgrading its suite of smart meters with new variants for residential, industrial and grid measurement needs. Having launched two variants of the E360 residential meters and the second generation of the E660 industrial meter earlier in 2022, Landis+Gyr will round off the year with the launch of the E860 grid meter and the power quality cloud SaaS solution for grid edge intelligence. With ten times the accuracy and speed of modern meters and an extensible modular architecture, the new generation of IoT-ready smart meters by Landis+Gyr offers advanced grid edge intelligence to support DSOs in maintaining a safe, reliable and efficient grid.

“Managing energy consumption with more efficiency has never been more crucial than today”, said Werner Lieberherr, Chief Executive Officer of Landis+Gyr. “If the current energy crisis and the urgent need for global decarbonization have taught us one thing, it’s that resources are finite and having the insights and tools to shape the way they’re used is key.” Bodo Zeug, Executive Vice President of EMEA at Landis+Gyr added: “Utilities require fast, reliable, and secure data transmission. We’re excited to showcase our abilities to collect, monitor and process data at the grid edge at Enlit Europe, providing solutions to balance load and ensure continued power quality and reliability.”

During the conference, Landis+Gyr leaders and experts will host sessions about the role of the future grid and the EV disruption:

  • Interview with Werner Lieberherr, CEO of Landis+Gyr
    Summit: Interview, November 29, 16:40 – 16:55, Afternoon Session, Connect Studio (Hall 11.1)
  • “How to ensure grid resilience in the new energy era” by Ifigeneia Stefanidou, Head of Grid Edge Product Management at Landis+Gyr
    Grid Edge technologies: Utilities at work, November 30, 11:15 – 11:30, Digitalization Hub 4 (Hall 12.0)
  • “EV disruption for more efficient, safer and cleaner grid” by Rok Kobal, Head of Hardware Sales at Etrel – a Landis+Gyr company
    Decentralization | EV for the Grid, November 30, 15:30 – 15:45, Decentralization Hub 1 (Hall 12.0)

To learn more about Landis+Gyr’s energy management portfolio, join us at Enlit Europe in Frankfurt from November 29th to December 1st in Hall 12.1, Booth D40 or visit www.landisgyr.eu/enlit-europe-2022 for more information.

landis+gyr-divests-stake-in-intellihub-joint-venture

Landis+Gyr Divests Stake in Intellihub Joint Venture

 

Landis+Gyr Group AG (SIX: LAND), a leading provider of integrated energy management solutions, today announced that its subsidiary Landis+Gyr Pty Ltd. has entered into an agreement to sell its ownership in Intellihub Operations Pty Ltd (“Intellihub”) for over AUD 310 million in total.

The buyer, global asset manager Brookfield will become a strategic investor in Intellihub Group, the smart utility infrastructure-as-a-service company, alongside Pacific Equity Partners’ (PEP) Secure Assets Fund. Brookfield will acquire Landis+Gyr’s 16.8% interest in the company, diluted from approximately 20% after the conversion of a previously issued convertible note during the course of the transaction. The transaction is subject to various closing conditions, and once the transaction is completed, Intellihub will be jointly owned by Brookfield Infrastructure and PEP.

“The investment in Intellihub has been a great success for Landis+Gyr and we believe that Brookfield’s investment in Intellihub comes at an appropriate time in the energy transition that Australasia is undergoing. While we look forward to continuing to partner with Intellihub as a customer in the future, we are focusing our efforts on the expansion of our position in smart infrastructure, grid edge intelligence and smart metering solutions and services”, said Werner Lieberherr, Chief Executive Officer Landis+Gyr. “The proceeds of the sale will be reinvested in both organic and inorganic strategic growth areas to drive the decarbonization of the grid and empower utilities and consumers around the world to manage energy better.”

In financial year 2020, Landis+Gyr had extended its supply contract with Intellihub until 2026, ensuring smart meter supply continues across their Australia and New Zealand meter provision business.

The Intellihub joint venture was formed in May 2018, with Landis+Gyr contributing both cash and its 2015 established Intellihub business for an approximate 20% stake in the joint venture.

Landis+Gyr expects the cash proceed for the transaction of over USD 220 million, at the time of closing, to be partially offset by capital gain tax in Australia and stamp duty in Switzerland.

The transaction is expected to close by the end of February 2022.