Swedish telecoms company Telia has announced its biggest NB-IoT contract yet, in the form of a smart metering agreement with energy company ONE Nordic.
The deal will see the Swedish telco provide low-power, wide-area network (LPWAN) connectivity to the 900,000 smart meters ONE Nordic will supply to distributor Ellevio.
"NB-IoT is opening up a lot of new use cases for us," said Björn Hansen, head of IoT, division X, Telia. "It provides deep indoor coverage, which is ideal for connecting utility meters underground or inside buildings. It also lets us deliver economies of scale that weren't previously possible."
The smart meter deployment will commence in 2020, and is set for completion by the end of 2023, whilst the overall deal between Telia and ONE Nordic will continue for 10 years.
"When connecting meters across large geographic areas, economic considerations go far beyond the connectivity alone. Telia is able to provide a high performance fully-managed network that supports us in our ambition to focus on delivering first-class services to Ellevio," said Anders Malmberg, managing director, smart metering, at ONE Nordic.
NB-IoT "fits perfectly with our smart grid development," added Johan Svensson, programme manager at Ellevio. "It will also allow us to develop and deploy a wide range of new IoT devices and services for our customers in the future."
Utility IoT is expected to reach $15 billion in revenue by 2025, and is being driven by government regulations that enforce carbon emissions reduction and climate change agreements. Here's how Global Market Insights sees IoT adoption going in the years to come.