Frost & Sullivan has named Cyan winner of the 2014 Europe Technology Innovation Leadership Award.
Cyan’s CyLec, a standards-based smart metering solution, enables secure two-way communication over a considerable range; is equipped with software embedded data concentrator units for remotely managing and controlling multiple meters; facilitates fault detection and prevention; and lets utilities to disconnect meters from remote locations in cases of theft. CyLec also permits shifting loads between industrial and domestic consumers during peak hours with the help of features like time of use tariffs and incentives.
Frost & Sullivan research analyst Avimanyu Basu notes, “CyLec has already demonstrated its practicality in India and Brazil, and has proven to be compatible with the existing static meters in these countries. The retrofitting is achieved with the help of a compact retrofit module that connects with the existing communications interface on the meter.”
India, for example, loses 25-30 percent of its generated power during transmission and distribution. Making the system more efficient would have a tremendous positive impact on the economy and would enable utilities to invest in upgrading infrastructure. Cyan execs believe that within the next five years, smart grid technology will be able to eliminate load shedding.
Frost and Sullivan reports, “Cyan’s smart metering technology supports interoperability by enabling meters from various manufacturers and suppliers to be integrated into an open system. The Open Meter Protocol can be customized to the requirements of the local utilities and support real-time monitoring through wireless mesh networks.”
Basu adds: “The company has directed its efforts toward providing solutions in the most cost-effective way, with the help of effectual demand forecasting, demand-side management and accurate billing. Cyan’s efforts will go a long way in helping end users accrue cost savings through its meter retrofit solution, and utilities reduce AT&C losses.”
Cyan collaborates with utilities, system integrators, and meter manufacturers to develop cost-effective smart metering technologies.