Instrumented Interconnecteds Intelligent

As reported by Fortune.com, IBM is teaming with the Mediterranean island nation of Malta to build a smart utility system.

The plans include replacing:

“250,000 utility meters with interactive versions that will allow Malta’s electric utility, Enemalta, to monitor electricity use in real-time and set variable rates that reward customers that cut their power consumption. As part of the $91 million (€70 million) project, a sensor network will be deployed on the grid along transmission lines, substations and other infrastructure – to provide information that will let the utility more efficiently manage electricity distribution and detect potential problems.”

**Update: More at Earth2Tech

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