Madrid, March 19, 2012 – Iberdrola won seven companies contracts to supply one million meters with remote management capabilities, to advance its smart grid projects in Spain. This award, for the total amount of $300 million, follows others made by the company in the last two years, to roll out this new distribution technology in our country.
Having completed the first stage of the STAR project (Spanish acronym for Remote Grid Management and Automation System) in Castellon, where 100,000 meters were changed, Iberdrola has started to extend roll-out to all of the regions where it has an electricity distribution grid.
In the Basque Country, the highlight is the initiative the company is engaged in with the Basque Government, via the Basque Energy Entity (EVE), based in the province of Biscay. This project involves the adaptation of over 1,100 transformation centers and renovation of some 230,000 meters.
Another project worthy of note is PRICE, in which the company is involved along with other partners. This project will consist of the replacement of some 200,000 smart meters (100,000 by Iberdrola) and the refurbishment of 1,600 transformation centers in the Henares Corridor in the Madrid region, as well as in Guadalajara.
Iberdrola is also making progress in transforming and modernizing its electricity distribution grid in other regions, such as Murcia, Extremadura, Castile-La Mancha and the Valencia region.
This initiative, which will be completed in the year 2018, will require an overall investment in Spain of some 2,000 million, which will go towards replacing 10.3 million traditional meters with the new smart devices and towards adapting some 80,000 transformation centers, which will be equipped with remote management, supervision and automation capabilities.
As well as the initiatives it is carrying out in Spain, Iberdrola is also about to complete its first smart grid projects in the U.S., where it has installed over 550,000 smart meter devices, and in Scotland, where 30,000 customers in Glasgow will benefit from this new technology.
Some of the main advantages of smart grids are the integration of distributed generation, the possibility of rolling out electric vehicles on a mass scale and improved efficiency in electricity consumption. In this latter area, they will allow for the remote provision of services, such as real-time meter-readings, processing contract registrations and cancellations or altering the capacity under contract.