Atlanta, February 1, 2011 – GE and Fuji Electric Holdings Co. announced a joint venture to design, build, market and service a new generation of electric meters, supporting Japan’s advancement to a smart grid infrastructure.
The newly formed joint venture, GE Fuji Meter Co. Ltd, builds upon GE’s smart meter technology and Fuji Electric’s Japan-based manufacturing and sales network to provide quality, cost-effective meters to the country.
Smart meters provide utilities and consumers with information to help them better monitor, understand and control energy usage.
In addition to efficiency and reliability gains, smart grid advances made possible through smart metering include easier integration of renewable energy sources, such as wind and solar power.
From large wind plants to rooftop solar panels, Japan will be better equipped to use more zero-emission energy and shrink its carbon footprint.
The potential efficiency gains and generation alternatives can also fortify Japan’s energy security as the country currently depends on imports for more than 80 percent of its energy needs.
The joint venture was finalized February 1, 2011. The company has been named GE Fuji Meter Co., Ltd, and GE Energy’s Daniel T. Nakano will serve as president and representative director, COO.