Landis+Gyr has extended its partnership with finance broker Calvin Capital to accelerate smart meter rollout in the UK.
Landis+Gyr will leverage the partnership to provide a flexible volume of SMETS2 smart meters to support the roll-out obligations of independent UK energy suppliers that use Calvin Capital as their Meter Asset Provider.
Between 400,000 and 2 million meters will be supplied under an innovative new mechanism developed by the two organisations.
The expanding partnership with Calvin Capital reflects the changing dynamics of the UK’s energy supply sector. As smaller suppliers have increased market share in recent years, their role within the smart meter rollout has become more important. The contract will enable Calvin Capital to procure Landis+Gyr smart meters collectively for these smaller suppliers, reducing their procurement challenges.
Benefits to Calvin Capital’s customers include:
- High security – the new SMETS2 meters maintain and extend the highest standard of security for householder data
- Renewable energy support – SMETS2 meters will facilitate the connection of all types of home renewable and microgeneration technology onto the grid, supporting a cleaner, greener UK
- Interoperability – SMETS2 meters enable seamless switching between energy suppliers by connecting with the Data Communications Company.
The development follows Landis+Gyr already providing a range of tailored solutions to the UK’s ‘Big Six’ utilities.
A total of 53 million smart electricity and gas meters are to be deployed before 2025, as part of the UK’s plans to upgrade its electricity infrastructure.
Including the contract with Calvin Capital, 21 million meters have now been awarded to or delivered by Landis+Gyr.
Jo Cox, managing director from Calvin Capital said: “We’re thrilled to be continuing to partner with Landis+Gyr with this new deal. Many of the independent suppliers who we work with have faced challenges in procuring the smart meter volumes they need. By working with our client base and Landis+Gyr, our adjustable volume and funding structure will prove invaluable to our customers in delivering against their roll-out obligations.”
Susanne Seitz, executive vice president of Landis+Gyr’s EMEA region, adds: “As the driving force in UK’s rollout of smart meters, we are pleased to further strengthen our distribution network and serve the many independent suppliers in their quest to bring smart metering to as many homes as possible. We look forward to remaining at the forefront of the nationwide rollout, establishing the foundation for a consumer energy application-driven future.”