Ari Koponen, VP,
Distribution at
Fortum
 
Espoo, Finland --- (METERING.COM) --- July 28, 2011 - Fortum is investing in a smart metering system for its Norwegian customers, with installation to start in 2013.

Altogether 100,000 households as well as small business customers in Fortum's network area will be connected to the system by 2015.

Fortum has chosen Telvent to deliver, install and operate the system. The service agreement includes Echelon's Networked Energy Services (NES) metering equipment and Telvent's Titanium system as well as maintenance and collection of meter readings.

Fortum and Telvent's contract also includes several options for future development and upgrading.

Telvent has since 2009 been Fortum's partner in the currently ongoing Finnish smart metering rollout.

“With the new smart meters, invoicing will be based on real electricity consumption,” said Ari Koponen, vice president, Distribution at Fortum. “In addition, the smart meters will be used for more efficient power failure resolution and as a platform for future development of smart grids and services within electricity solutions.”

Norwegian legislation requires hourly meter reading by the end of 2016. The smart metering system provided to Fortum's customers will include a variety of features such as consumption reporting via the internet and a connection to future smart home systems via an interface in the meter.

Telvent is currently deploying the Echelon solution to 550,000 Fortum customers in Finland.