LUMA announced the completion of the open procurement process and the next step of their initiative to deploy approximately 1.5 million smart meters across Puerto Rico. This significant milestone in the modernization of Puerto Rico’s electric grid and customers will not see any rate increases associated with the initiative. This contract is the result of a thorough and competitive process that followed all applicable laws and regulations including an open Request for Proposal. The selected vendor, Itron (ITRI) will provide Puerto Rico with cutting-edge grid intelligence capabilities, enhancing the grid’s reliability, efficiency, and resilience. This contract will allow local companies in Puerto Rico to be part of the installation of the equipment, creating more than 150 direct and indirect jobs on the island.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ITRI:
- Itron and PG&E collaborate in EV charging innovation
- Charged: Tesla surges post-election, hits $1 trillion market cap
- Guggenheim downgrades trio of clean energy names after election outcome
- Itron price target raised to $135 from $128 at Guggenheim
- Itron adds Verizon Network Continuity solution to Intelligent Connectivity suite