Verizon and eMeter will be partnering to develop and deliver one of the first cloud-based meter data management offerings for the utility industry. Both parties said the partnership, to be finalized in the spring, will help meet utility needs for advanced smart grid solutions with built-in security, reliability and new capabilities.
According to the agreement, eMeter will utilize Verizon's (News - Alert) IP network to provide its industry-leading meter data management software to utilities in a scalable cloud-based environment. Thanks to the cloud-based services, utilities will be able to pay for it on a per-user basis, without the need for large capital investment. This collaboration will enable an innovative meter data management solution that can address the potential for new business applications, enhanced billing capabilities and faster customer response.
"Advancing industry-specific solutions is a key component of Verizon's 'everything-as-a-service' strategy," said Rilck Noel, managing director for Verizon's Global Energy & Utilities practice, in a statement. "Our work with eMeter is the latest example of how we are innovating to deliver new smart grid opportunities for utilities -- helping them, and ultimately consumers, gain better command and control of energy resources."
Verizon believes that the advancing industry-specific solutions is a key component of Verizon's ‘”everything-as-a-service” strategy. The company has always believed in innovation to offer new smart grid opportunities for utilities — the latest example of which is its partnership with eMeter According to Verizon officials, the smart grid solutions developed by them would ultimately benefit the consumers as they gain better command and control of their energy resources.
"eMeter is proud to work with Verizon Business (News - Alert) to make our meter data management capabilities more readily accessible to utilities via the cloud,” said Gary Bloom, CEO and president of eMeter. “This cloud-based meter data management solution will help utilities meet the next generation of energy management needs for both businesses and consumers."
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Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.
Edited by Carrie Schmelkin