The newly formed JV, GE Fuji Meter, builds upon GE’s smart meter technology and Fuji Electric’s Japan-based manufacturing and sales network to provide quality, cost-effective meters to the country.
GE holds a 49.99% equity stake in the JV, while Fuji Electric holds the remaining 50.01% equity stake.
GE Energy Services general manager for metering and sensing systems Luke Clemente said that GE’s smart meter technology provides the precision, accuracy and networked communications technology Japan utilities seek as they look to implement smart grid technologies to improve efficiency and reliability.
