CGI (NYSE: GIB) (TSX: GIB.A) has been selected to design, build and support a next generation electricity information exchange system for Fingrid Datahub Oy, a subsidiary of Fingrid Oyj, Finland's electricity transmissions operator.
The new centralized IT system, called "Datahub," will store and manage data from all of Fingrid's 3.5 million energy consumption locations, driving a wide range of strategic benefits for the utility's nationwide operations, Finland's retail utility sector as a whole, and consumers across the country. Datahub also will support Finland's transition towards becoming a fossil-free society.
The contract is valued EUR 41.9 million and covers project delivery, licenses, and support and maintenance services for a four-year period.
Fingrid Datahub Oy, which was established to operate Databub, will adopt CGI's proprietary central market system to replace its current EDI message exchange system. CGI's system addresses key requirements driven by energy legislation, energy sector demands and Fingrid's own business needs in terms of data processing, protection and security, synchronized electricity retail market processes, and support and maintenance.
Datahub, through advanced process automation, will simplify, speed up and enhance the efficiency of data exchange across the retail electricity market in Finland. For consumers, the Datahub also will support various services to significantly improve the customer experience.
"The energy sector will undergo a major transformation in the coming years," said Asta Sihvonen-Punkka, CEO of Fingrid Datahub Oy. "We are heading towards a clean, reliable and market-driven environment for distributing electricity. Datahub will play a very important role in this market transition."
"We are very pleased that CGI has been chosen as Fingrid's partner," said Leena-Mari Lähteenmaa, Senior Vice-President of CGI's operations in Finland. "We are witnessing the biggest shift in the retail electricity market since the liberalization of electricity trade. This strategic digitalization project will lead to more efficient day-to-day business processes, the opportunity for consumers to change electricity sellers more quickly and enjoy many other new services, and the launch of innovative capabilities such as demand-side electricity management."
CGI teams in Finland, the Netherlands and India will collaborate on the system's development, delivery and maintenance. CGI also will partner with First Derivatives plc to integrate its Kx technology into innovative meter data management and settlement functions within the new system.
CGI has built and currently runs two-thirds of all central market systems worldwide, including systems across the Nordics and the UK. These systems are supported by more than 500+ CGI central market system experts across the globe.
With more than 40 years of experience supporting the transformation of utilities globally, CGI is partner to 450+ utility providers in the electricity, water and natural gas sectors, including 8 of the top 10 utilities in Europe and North America.
Founded in 1976, CGI is among the largest independent IT and business consulting services firm in the world. With 73,000 professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from IT and business consulting to systems integration, outsourcing services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With annual revenue of C$10.8 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at www.cgi.com.
Forward-looking information and statements
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