Iberdrola installs more than 700,000 smart meters in the US
Iberdrola takes another step forward in the United States. The electricity utility headed by Ignacio Galán is installing more than 700,000 smart meters for electricity and gas customers in the state of New York.
The company, which operates in the country through its subsidiary Avangrid, will thus improve its customers' readings, which will be based on actual consumption rather than estimates, and will contribute to improving the country's electricity infrastructure, which is key to the energy transition promoted by Iberdrola.
The smart meters enable wireless communications with the distributors, which in this case are New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E), and increase the capacity to identify and respond to possible supply outages.
Through the two distributors, Iberdrola is focusing on upgrades in the New York cities of Ithaca, Rochester, Brewster, Sodus, Binghamton, Canandaigua, Lancaster and Hornell. In addition, it has committed to installing more than 1.3 million smart electric meters and adding 600,000 natural gas modules across New York State. Smart meter upgrades will continue over the next two years in all areas served by both utilities.
In less than two decades of presence in the United States, the company chaired by Ignacio Galán has become one of the largest groups in the electricity sector in the country, where its business is divided into two main lines: grids and renewable energies.
Through the networks segment, it owns and operates eight electricity and natural gas utilities, serving more than 3.3 million customers in New York and New England. Iberdrola's network assets in the United States amount to EUR 13.3 billion. Together with the United Kingdom, which will add around 14,000 million euros following the purchase of ENW, announced on 2 August, it is one of Iberdrola's main countries in this business area.
Meanwhile, through its renewables segment, Iberdrola is one of the three largest companies in the country in solar and wind energy. In fact, in mid-August, it exceeded 9,000 MW of installed renewable wind (8,000 MW) and solar (1,000 MW) capacity.
