Itron, Inc. ITRI announced today that it has formed a strategic
alliance with Panasonic Corporation to develop a smart meter platform tailored
to the Japanese market. The companies will utilize their combined global
experience and local presence to offer a smart metering solution that will
meet Japan's electric utilities' needs and requirements today and into the
future.
As part of the agreement, Itron will design, develop and deliver an Itron
smart meter with its 3G cellular communications to Panasonic. Because of the
inherent flexibility in Itron's technology, the solution will support multiple
communication options, including cellular, RF mesh and Power Line Carrier to
meet specific business needs and geographies.
With this collaboration, Panasonic will expand its communications product line
to the smart meter business, contributing to the realization of an ecological
and smart-enabled society via home energy management systems.
In Japan, the Ministry of Economy, Trade and Industry has mandated the
adoption of smart meters over the next 10 years for nearly 80 million electric
meters to help manage energy supply and demand. Smart meters are viewed as a
key tool for gauging energy usage during peak hours so that utilities can
offer special pricing programs to encourage reductions in energy consumption.
This is important as Japan works to implement multiple technology and power
generation alternatives to compensate for the nearly 30 percent loss in
nuclear power generation.
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