Wellington, New Zealand, and Calgary, Canada — (METERING.COM) — November 14, 2007 – New Zealand smart metering company Arc Innovations has entered into a heads of agreement with Calgary-based energy utility ENMAX to begin exclusive discussions towards an agreement to deploy Arc’s smart metering technology to ENMAX’s Calgary customer base, totaling over 400,000 customers.
Smart metering is the key to enabling more innovative and efficient energy management and customer service delivery, and Arc Chief Executive Helen Bremner sees significant business opportunities coming from international markets where utilities are seeking feature-rich AMI capabilities.
"While continuing to successfully deploy our AMI technology in New Zealand, Arc is also gearing the business to meet international opportunities," said Ms Bremner. "We believe ENMAX are showing visionary leadership by considering a highly functional smart metering solution, which will transform their business and the customer experience. We are delighted that they have chosen Arc as their preferred supplier."
After an internationally competitive RFP process, ENMAX Chief Executive Gary Holden sees Arc as the best placed AMI provider to support the outcomes it is seeking to achieve. "We are excited to be working with Arc towards an agreement which would deliver smart metering to our customers. Arc has proven itself in its home market of New Zealand and they are an innovative and experienced AMI provider," said Mr. Holden.
"For Arc, the ENMAX success positions us well to look at other business opportunities in the significant North American market which has around 310 million electric, gas, and water meters," said Ms. Bremner.
Subject to regulatory approval, Arc and ENMAX intend to start deploying the advanced meters towards the end of 2008.