PIDC Selects Landis+Gyr to Realize a New Energy Vision for The Navy Yard
Continued development efforts focused on implementing the latest in smart grid technologies
ATLANTA, GA. — May 13, 2015 — PIDC, Philadelphia's public-private economic development corporation and master developer of The Navy Yard, has selected Landis+Gyr from its competitive bidding process to lay the foundation for a modern and comprehensive energy infrastructure at The Navy Yard in Philadelphia. This project will start with the deployment of advanced metering infrastructure solution elements, including both smart meters and a Gridstream® communications network, meter data management software and associated cloud based services. The scope of work, once installed and implemented, will provide an open platform for follow-on efforts that will include adding smart building technology, energy storage systems, integration of renewable energy offerings including wind and solar, distribution automation capability and electric vehicle support.
PIDC plans, develops, and manages The Navy Yard on behalf of the City of Philadelphia, where more than $1 billion has been invested since the naval base's closure. The Navy Yard has remerged as a magnet for new businesses, employment and investment in Philadelphia. The dynamic, modern campus is home to more than 11,500 employees and 145 companies in the office, industrial and manufacturing, and R&D sectors. Landis+Gyr's technology will be deployed in The Navy Yard beginning in May 2015.
"The transformation of The Navy Yard has been a remarkable economic development success story to date. The Navy Yard is committed to sustainability, and the campus will become even more green as we completely modernize the energy systems, particularly the electric grid," said Will Agate, Senior Vice President, Navy Yard Management & Development at PIDC. "We have chosen industry leader Landis+Gyr to help us achieve this smart grid capability."
Landis+Gyr is the global leader in smart metering and at the forefront of delivering leading edge technology for a variety of utility services. The Gridstream® network, advanced meters with home area network communications and head-end applications support many options. Coupled with the company's load management, analytics, storage options, renewable energy integration capability and sensor expertise make a compelling offer for significantly improving grid reliability and capability.
"We could not be more proud of being chosen by PIDC to help them deploy our future ready smart grid platform," said Prasanna Venkatesan, Landis+Gyr's President and CEO for the Americas. "Their vision for creating a smart community is perfectly aligned with our capability, and we look forward to being a trusted partner, helping them manage their facilities' energy better far into the future."
This selection by PIDC is the latest in a string of important successes for Landis+Gyr. Since start of 2013 the company has secured the two largest deployments in industry history with British Gas and Tokyo Electric Power Company, also signing major contracts with Salt River Project, Ameren, ERDF's Linky deployment project and most recently Brazilian utility Light. Frost & Sullivan also named Landis+Gyr as the Global Advanced Metering Infrastructure (AMI) company of the year for both 2013 and 2014.
Landis+Gyr is the leading global provider of integrated energy management products tailored to energy company needs and unique in its ability to deliver true end-to-end advanced metering solutions. Today, the Company offers the broadest portfolio of products and services in the electricity metering industry, and is paving the way for the next generation of smart grid. With annualized sales of more than US$1.5 billion, Landis+Gyr, an independent growth platform of the Toshiba Corporation (TKY:6502) and 40% owned by the Innovation Network Corporation of Japan, operates in 30 countries across five continents, and employs 5,500 people with the sole mission of helping the world manage energy better. More information is available at landisgyr.com.
PIDC is Philadelphia's public-private economic development corporation. A non-profit founded in 1958 by the City of Philadelphia and the Greater Philadelphia Chamber of Commerce, PIDC's mission is to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia. Over the last 57 years, PIDC has invested $13 billion of financing and more than 3,000 acres of land sales – which has leveraged over $23 billion in total investment and assisted in retaining and creating hundreds of thousands of jobs in Philadelphia. In its master developer role at The Navy Yard, PIDC manages all aspects of the property's management and development, including master planning, leasing, property management, infrastructure development, utility operation, and structuring development transactions. More information is available at http://www.pidcphila.com
Dan Jacobson | Regional Contact North America
Senior Marketing Communications Manager
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