smart meters news round-up

Here is a round-up of what energy, metering and technology companies have been doing in the smart meter space.

Meter data processing

Meter data processing
CGI created eight scenarios to test its data processing speed from 5 million and 10 million meters

Global IT solutions company CGI has published results of data processing tests audited by KPMG.

CGI designed and performed eight test scenarios to assess the capability of its Sm@rtering platform to handle data generated by either 5 million meters or 10 million meters.

KPMG monitored the CGI during the test procedures to verify if the results met the success criteria.

The report indicates that for daily readings of 5 million meters, which includes loading asset data, validating, editing and estimates and billing determinants, the time elapsed between writes on the database was 1 hour 22 minutes 58 seconds.

UK smart prepaid meters

Utilita Energy, a UK-based prepayment smart meter energy provider, announced this week it has signed up its 250,000th customer.

The company said it has grown its customer base from under 100,000 in Q1 2014 to a quarter of a million in Q4 2015.

Utilita said it has followed a strategy of keeping its average prices below the Big Six energy companies in the UK.

In 2015, it has reduced gas prices by 7.91% for an average prepayment customer.

Utilita’s managing director Bill Bullen commented: “Reaching the 250,000 customer mark in such a short space of time is testament to the impact the challenger energy brands are having on the market."

Smart meters Spain

ZIV smart meter
CG, owner of ZIV meters, has picked up orders in Spain worth €40m

Compton Greaves, part of the Avantha Group Company, has scored a second smart meters deal in Spain this month.

The parent company of Spanish-based ZIV meters has won a Euro 24 million contract to supply single and three phase smart meters to Spanish utility Iberdrola.

The order follows an order of Euro 17 Million from Gas Natural Fenosa for the supply of PLC communicated smart meters.

Securing data exchange

Moldovan metering manufacturer ADD Grup confirmed a deal this week with Thales, a critical information systems and cybersecurity company.

ADD Grup will use Thales KeyAuthority to protect and manage the cryptographic keys used to secure data exchange between smart meters, in home displays and the central system.

Global expansion

Cyan India expansion
Cyan has established a subsidiary in India as part of the UK company's global expansion plans

And finally, UK-based Cyan Holdings, which makes mesh-based flexible wireless products for utility metering and lighting control, said this week that its pretax loss widened in the first half of 2015 due to expansion into India and Egypt.

The company said its pretax loss in the half to the end of June was GBP2.3 million, up from GBP1.1 million a year before, despite revenue rising to GBP157,238 from GBP65,510.

In Q1 and Q2, Cyan won a GBP1 million contract from Enzen Global Solutions for a smart meters project in southwest India and signed a letter of intent for a smart metering order from Egypt-based El Sewedy Electrometer Group EMG potentially worth up to US$3 million.