ATLANTA, June 29, 2017 /PRNewswire/ -- Landis+Gyr, the global leader in transforming how energy is delivered and managed, has been named a 2017 Grid Edge Award winner by Greentech Media. Representatives from the company accepted the award during the Grid Edge World Forum on Tuesday, June 27, 2017 in San Jose, California.
The Alpharetta headquartered business for the Americas, was selected as a 2017 winner for an innovative project that combines home-level distributed computing with an intelligent network of devices, to better control the home's energy usage based on both the needs of the home owner and the local electricity grid. Designed and deployed in partnership with a large Southwest utility, the application runs on consumers' energy meter, continuously monitoring usage and forecasting future demand, while providing real-time autonomous management of loads such as HVAC, electric water heaters and pool pumps. The project provides customers with an automated tool that resulted in reduced energy consumption and lower utility bills.
"Landis+Gyr continues to increase its global market-leading position as a result of applications such as this, that leverage distributed intelligence-based technologies and our IoT connected platform," said Prasanna Venkatesan, Executive Vice President, Americas. "We believe that grid edge applications will help solve challenges which uniquely require localized decision-making, and are proud of the role Landis+Gyr plays in driving the modernization of the grid."
The Greentech Media Grid Edge Awards seek to highlight industry leaders paving the way toward tomorrow's distributed energy system. The Awards receive hundreds of nominations and recognize the top twenty companies or projects that showcase innovative products, introduce new business models to the electric sector, or otherwise present alternative ways of managing the electric grid that are more efficient and reliable. Established in 2014, winners have included start-ups, established technology vendors, utilities and energy providers, among others.
Landis+Gyr has been the recipient of several prestigious international awards and recognitions in recent years, including the 2016 Global Award for Technology Leadership and the AMI Company of the Year Award from Frost & Sullivan, the 2016 Award for Best Overall Product Development from the Indian Electrical & Electronics Manufacturers Association, and the 2015 APICS Company of the Year. The business was also named a Leader in the 2016 Gartner Magic Quadrant.
Landis+Gyr is leading grid modernization across the globe with solutions for utilities that improve reliability, energy efficiency and consumer engagement. The company's comprehensive portfolio includes standards-based smart grid networks and intelligent devices, analytics and data management, renewable integration and energy storage. Landis+Gyr employs 5,700 people supporting customers in 31 countries. With sales exceeding US$1.5 billion, it operates as an independent growth platform of the Toshiba Corporation (TKY:6502) and is also 40% owned by the Innovation Network Corporation of Japan (INCJ). More information is available at landisgyr.com
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