MINNEAPOLIS, Oct. 20, 2016 /PRNewswire/ -- Honeywell (NYSE: HON) today announced an advanced meter project with Entergy Services, Inc. valued at up to $250 million to help improve electricity service and reliability for the utility operating companies' customers across Arkansas, Louisiana, Mississippi, and Texas.
Entergy's entire project, which is subject to regulatory and other approvals, would include the installation of up to 2.9 million integrated advanced meters to facilitate better data-sharing between the Entergy operating companies and their customers for more reliable electricity delivery and improved energy management. Honeywell will provide up to 2.3 million of the advanced meters, building on Honeywell's past advanced metering infrastructure (AMI) work with Entergy. The new, integrated advanced meters will help gather and provide the Entergy operating companies with usage data to enable more efficient operations and better customer service while giving customers more energy management capabilities. The meters can facilitate automated meter reading, which is expected to drive operational efficiencies, and help the Entergy operating companies more quickly and accurately detect and resolve customer outages.
"Honeywell's advanced meter project with Entergy is the latest example of how keeping the lights on for customers doesn't have to be complicated—or costly—if the right technology is in place," said Rob Tupker, president, Honeywell Smart Energy. "We're committed to providing next-gen technologies that help utilities take advantage of management and delivery opportunities today while providing the groundwork for future energy innovations."
Pre-deployment planning and design are underway. Honeywell anticipates that the advanced meter deployment will begin in 2019, and will be completed across the Entergy operating companies' service areas by the end of 2021.
Honeywell provides complete Smart Grid and Energy Management Solutions that drive energy efficiency, operational improvements and cost savings for utilities, commercial and industrial customers, and consumers.
Visit www.honeywellsmartgrid.com for more information on the company's broad smart grid technology and services.
About Honeywell Home and Building Technologies
Honeywell Home and Building Technologies (HBT) is a global business with more than 44,000 employees worldwide. HBT creates products, software and technologies found in more than 150 million homes and 10 million buildings worldwide. We help homeowners stay connected and in control of their comfort, security and energy use. Commercial building owners and occupants use our technologies to ensure their facilities are safe, energy efficient, sustainable and productive. Our advanced metering hardware and software solutions help electricity, gas and water providers supply customers and communities more efficiently. For more news and information on Honeywell Home and Building Technologies, please visit http://www.honeywell.com/newsroom.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
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