Under the terms of the deal, Rejiers Embriq will integrate the Quant SmartGrid platform into Troms Kraft Nett’s grid to manage data from over 70,000 smart meters.
Under the agreement, central grid company Quant will validate data from the 70,000 smart meters that Troms Kraft Nett expects to install by 1 January, 2019.
Erling Dalberg, CEO of Troms Kraft Nett, commented: “We are looking at major investments in the power grid, where digitization and management of huge amounts of data are crucial.”
Espen Kasin, head of software at Rajiers Embriq, added: “We have also been keen to choose a solution that gives us a future-oriented complete operational support tool, to which we can add functionality as required. A procurement implemented as a service delivery is thus the perfect approach.”
Mr Kasin added: “Quant SmartGrid platform has also been chosen by customers such as Agder, Hafslund, Nettalliansen and Lyse.”
Troms Kraft Nett is one of Norway’s largest grid companies, monitoring a grid totalling 10,000km including 70,000 metering points spread over 15 out of 24 municipalities in the county of Troms-Norway.
Meter data management in Europe
The deal comes at a time when the MDMS market in Europe is experiencing rapid growth with the introduction of new solutions and an increase in operational territories by leading solutions providers.
For example, Itron and Landis+Gyr have been named 2015’s leading global MDMS solutions vendors by Gartner Inc.
According to a press statement, Gartner’s 2015 Magic Quadrant report on global MDMS market released in December, 2015 recognizes Landis+Gyr and Itron as sector leaders due to successful deployments of their solution in new MDMS contracts through 2015.
The US-based market research firm’s report scaled vendors according to their ability to configure their solution to different needs, as well as to offer their solution both on premises and in the cloud.
Gartner says Landis+Gyr demonstrated its financial viability needed to fuel R&D to support new technology requirements (such as Web services and service-oriented architecture) and to enable business process integration across functional silos in utilities.