Financial News
Canada’s FortisBC Energy Selects Xylem for Advanced Gas Network
One million Sonix IQ meters to help increase safety and reliability in 20-year technology and services agreement
Xylem Inc. (NYSE: XYL), a leading global water and resource management technology company, is working with FortisBC Energy Inc. in British Columbia to deploy a Sensus advanced gas meter network. FortisBC serves more than one million natural gas customers across 135 communities in Canada’s westernmost province.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210512005432/en/
Canada’s FortisBC Energy selects Xylem for Advanced Gas Network. One million Sonix IQ meters to help increase safety and reliability in 20-year technology and services agreement. (Photo: Business Wire)
Through its Advanced Gas Meters project, FortisBC will address the need to modernize its metering infrastructure and enhance the resilience of its gas system. Pending regulatory approval, the project will provide the ability to better monitor and manage its system, and offer additional safety features.
FortisBC plans to deploy the Sensus FlexNet® communication network and approximately one million Sonix IQTM ultrasonic, residential gas meters. The FlexNet system will provide the utility secure, reliable, near real-time customer usage data from advanced meters and sensors over an encrypted wireless network. The Sonix IQ goes beyond precise, ultrasonic measurement to include smart-sensing safety features such as:
- remote shutoff
- continuous health checks on pressure and temperature
- theft and tamper detection
“FortisBC exemplifies an innovative utility widening its view of what’s possible from advanced metering technology. They’re making their system smarter, safer and more sustainable while empowering their customers to better understand and track energy usage,” said Colin Sabol, senior vice president and president, Xylem Measurement & Control Solutions. “We’re proud to help FortisBC with this important work.”
The 20-year agreement includes Managed Services and Software as a Service (SaaS) solutions, which allows Xylem to maintain and perform upgrades so the utility can focus on what it does best: providing safe, reliable energy.
Subject to regulatory approval and other conditions precedent, meter deployment should begin in 2023.
Learn more about advanced gas meter technology in this video.
About Xylem
Xylem (XYL) is a leading global water technology company committed to solving critical water and infrastructure challenges with innovation. Our more than 16,000 diverse employees delivered revenue of $4.88 billion in 2020. We are creating a more sustainable world by enabling our customers to optimize water and resource management, and helping communities in more than 150 countries become water-secure. Join us at www.xylem.com
About Sensus
Sensus, a Xylem brand, provides remotely-managed products and solutions that deliver the right data at the right time for investor-owned utilities, cooperatives and municipalities. As part of Xylem’s digital portfolio, our smart devices connect with a variety of communication technologies to help customers make timely decisions that optimize electric, gas and water systems. Learn more at sensus.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210512005432/en/
Contacts
Media
Houston Spencer, +1 (914) 240-3046
Houston.Spencer@xylem.com
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