GE Smart Meters to be Used in AEP Ohio’s Smart Grid Demonstration
110,000 New GE Meters will Empower Consumers to Cut Energy Costs while Lowering Consumption and Improving Reliability
ATLANTA--(BUSINESS WIRE)--GE announced today that AEP Ohio, a unit of American Electric Power (NYSE: AEP), will purchase 110,000 GE smart meters as part of AEP’s recently announced gridSMARTSM demonstration project in northeast central Ohio. These meters will give consumers the information to make informed choices about when and how they use electricity—enabling them to lower their electric bills without sacrificing lifestyle.
“We are pleased to be a part of AEP’s approach to a holistic and comprehensive smart grid model with advanced technologies working together to maximize efficiency and reliability for both the utility and its customers”
The GE meters are equipped with Silver Spring Networks’ proven, IP-based network technology, which creates a secure and intelligent communications platform for the smart grid. This platform enables two-way communications between the utility and consumers, supporting critical peak and time-of-use pricing and more.
Time-of-use pricing can offer consumers lower electric rates at night and other off-peak times. By encouraging people to move energy-intensive activities like laundry to times of lower demand, utilities can delay the need for new power plants, improve system reliability, reduce their carbon footprint and save their customers money.
“We are pleased to be a part of AEP’s approach to a holistic and comprehensive smart grid model with advanced technologies working together to maximize efficiency and reliability for both the utility and its customers,” said Bob Gilligan, vice president of GE Energy’s transmission and distribution business. “It’s an exciting opportunity to deliver more useable power for every kilowatt generated, while helping consumers manage their energy usage and keep their costs under control, without impacting their lifestyle.”
Smart meters work in conjunction with grid automation technologies to provide real-time information on the grid’s status, right down to the consumer’s home, for improved performance and productivity. These automated systems help prevent problems before they occur and resolve outages sooner.
This meter deployment, expected to begin in 2010, is part of AEP’s overall gridSMART initiative. AEP also installed GE smart meters as part of its smart meter pilot project in South Bend, Ind. In addition to the meter infrastructure, GE also is working with AEP to implement technologies that will improve efficiency and productivity of the grid through improved automation and IT systems.
For example, GE is working with AEP to deploy technologies that help reduce electrical losses on power lines. In addition, AEP has implemented GE asset optimization solutions to maximize the life and performance of aging assets, while reducing the risk of unexpected transformer failure and unplanned outages—ultimately improving reliability for consumers.
Through industry collaborations, GE will deliver one of the broadest portfolio offerings in the industry to modernize the electrical systems from the power plant to the consumer. From smarter appliances and technologies for plug-in hybrid vehicles, to providing renewable technologies and smart meters, GE’s innovation and leadership is delivering integrated, large-scale smart grid deployments, leveraging technology synergies and delivering results. www.itsyoursmartgrid.com.
About GE Energy
GE Energy (www.ge.com/energy) is one of the world’s leading suppliers of power generation and energy delivery technologies, with 2008 revenue of $29.3 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE’s corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.
GE is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com. GE is Imagination at Work.