in News Departments > Projects & Contracts
print the content item

As part of a letter of intent to install 19,000 LED streetlights, ForceField Energy Inc. has announced it will also commence a 30-day residential home trial of smart meters for Costa Rican utility company Empresa de Servicios Publicos de Heredia (ESPH).

ForceField, through its partner PowerOneData International, will provide ESPH with smart meters and management systems to support the trial. If it proves successful, ForceField says the trial could result in the installation of approximately 80,000 smart meters in residential homes located in Heredia's jurisdiction.

The total proposal for the sale of 80,000 smart meters when combined with the installation of 19,000 LED streetlights could generate $40 million in revenue for ForceField - of which a portion would be realized immediately and the remaining portion over a 10-year period. Both the purchase of the smart meters by ESPH and the project to install 19,000 LED streetlights for ESPH are subject to all parties securing the required financing and the execution of a definitive agreement, both of which are expected to be completed by Sept. 30.

“ESPH will gain several key advantages from installing smart meters including the ability to read meters remotely in real time to more effectively manage demand and reduce operating costs, as well as offering credit risk customers a 'prepaid option' to more effectively manage energy budgets and reduce late payments,” comments Richard St-Julien, ForceField Energy's chairman.


Hse SandyHook
Latest Top Stories

DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.


How A GIS Can Help Utilities Address The Aging Workforce And Capitalize On Data

Baby Boomers, whose experience and know-how have served the utility industry so well for decades, are retiring. The author suggests utilities can use a geographic information system (GIS) to fill in resultant knowledge gaps.


Sensus Smart Meters Tied To More Overheating Incidents And Fires

SaskPower is investigating two new meter failures, and Portland General Electric is working to replace 70,000 Sensus units amid fire concerns.


SaskPower Halts Smart Meter Installations Following Fires

The Canadian utility has suspended its smart meter deployment as it investigates half a dozen fires associated with the meters.

S&C Electric_id176
edf_id180