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The expanded $3.9m project is expected to recover tens of millions of dollars from high-value water meters that can be better used for other infrastructure-related projects.
The City of Atlanta’s Department of Watershed Management has expanded its partnership with Olea Edge Analytics in a bid to recover millions of dollars in revenue from high-value water meters. The City plans to use the recovered revenue for other infrastructure-related projects.
The partnership began in 2018 as a pilot programme that placed Olea Edge Analytics sensors on 20 meters in the city. Those sensors identified malfunctioning high-value water meters and helped the Department of Watershed Management prioritise repairs. In three months, Olea claims to have found more than $1m in recoverable revenue for the water department.
Encouraged by those initial results, the programme grew to 700 meters, with Atlanta devoting $1m to the project. In less than 12 months, the programme identified $10m in potential revenue.
For the latest phase, Atlanta’s City Council has approved legislation to add 1,600 additional Olea endpoints. The expanded $3.9m project is expected to recover tens of millions of dollars that can be better used for other infrastructure-related projects.
According to Olea, large commercial and industrial water meters can represent 40-60 per cent or more of a utility’s annual revenue. And under normal conditions, commercial water meters can lose accuracy by more than 10 per cent per year.
“Atlanta has been at the forefront of incorporating innovation and technology into business practices”
The meters are large, difficult to maintain or replace, and can fail at any time regardless of age or cumulative service volume, the water department reports.
“Atlanta has been at the forefront of incorporating innovation and technology into business practices,” said Dave Mackie, Olea Edge Analytics’ CEO.
“Having the ability to utilise the abundance of data, Olea’s solution allows for more informed decision-making regarding asset management for Atlanta’s commercial and industrial meters. Olea’s Meter Health Analytics helps utilities recover revenue, which is vastly important during a time when many municipalities are experiencing revenue shortfalls.”
Olea Edge Analytics is an intelligent edge computing platform for the water utility industry. Its patented solution combines Internet of Things (IoT) and edge computing capabilities with the aim of bringing “transparency, accuracy and reliability” to the delivery of water.
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