Swiss metering solutions giant Landis+Gyr has announced its first deal of the year.
DONG Energy, one of the largest suppliers in Northern Europe, has bought Landis+Gyr's meter data management system (MDMS) Gridstream in a bid to support smart metering at all residential metering end-points.
DONG Energy will integrate the MDMS into its IT architecture over the next four years.
Smart meter deployment
The deal comes as the energy supplier prepares to replace its entire residential metering stock.
Between 2017 and 2030, the energy company will deploy one million smart meters in customers' homes within its service territory.
The Landis+Gyr solution will allow the utility to process and validate hourly energy data collected from the smart meters.
Commenting on the deal, Anders Vikkelsø, vice president at DONG Energy said: "The Landis+Gyr solution has been chosen with our exact market needs and expectations in mind.
"We have now taken the first important step to ensure that, by the end of 2020, all of DONG Energy's one million customers have remotely read electricity meters."
Meter data processing
The Gridstream MDMS system provides automatic consumption, trending, and validation of revenue-based meter readings and of power quality data, which means that issues such as poor voltage quality in the network can be identified quickly.
Michael Sørensen, country Manager of Landis+Gyr Denmark, said: "In today's smart grid developments, utilities are increasingly integrating MDMS with other systems and continue to rely upon our solution to efficiently process large amounts of data."
In April 2014, DONG Energy put out a tender for 1 million meters in the capital Copenhagen and one of its regions Zealand in a contract estimated at 2 billion DKK (Danish krone) or US$367 million.