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Chubu Electric Power deploys 10M smart meters, upgrades Oracle system to boost grid efficiency and customer service.

Market News
04 Nov 2026, 15:00 WIB
PRNewsWire
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Bullish
Chubu Electric Power deploys 10M smart meters, upgrades Oracle system to boost grid efficiency and customer service.

Chubu Electric Power Grid Co., Inc. has installed 10 million smart meters and upgraded to the latest Oracle Utilities Meter Data Management system. This upgrade enhances scalability, supports second-generation smart meters, and enables 15-minute interval reads, improving grid resilience and customer services like precise billing and flexible pricing. The initiative aligns with Japan's national energy goals, supporting distributed energy resources and electrification, including EVs and solar power. Future benefits include better energy usage visualization, demand management, and new services for surplus electricity use.

Oracle Corporation shares are trading at USD 120.25 on Pluang as of Nov 04, 2026 20:11 WIB, down 4.72% for the day. The stock's market cap stands at $382.55 billion, reflecting its significant presence in the technology sector. Pluang users currently show a 66% sell and 34% buy order split for ORCL, indicating cautious investor sentiment amid the recent smart meter upgrade news.

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