Telecom equipment vendor Alcatel-Lucent (Paris, France) and China's State Grid Information and Telecommunication Co. (SGIT), a unit of utility company State Grid Corporation of China (Beijing, China) (SGCC), announced a partnership on Friday to provide technology that accesses data used to track energy usage from devices such as smart meters, analyze that data and deliver that information to the utility company.
According to Alcatel-Lucent, this technology can help utilities more effectively manage peak electricity demand, identify opportunities for power savings and cut down on energy usage.
This information can then be used by utility companies to monitor and control peak and off-peak demand and more effectively manage delivery during those times, which can help cut costs and reduce outages and waste, says the company.
The companies will also provide customers of utility companies with access to power distribution as well as information on their own power usage, allowing them to make decisions about their power consumption, says Alcatel-Lucent.
“With power consumption rising across the globe, reducing carbon footprint and costs are a priority for everyone,” says Kamal Ballout, vice president of the Global Energy Systems Integration Division at Alcatel-Lucent.
SGIT will undertake the construction, operation and business management of SGCC's information and telecommunication network of smart grid information systems, according to Alcatel-Lucent (PLC).