Smart Meter Data Management

Energy technology firm Siemens was recognised as one of the leading global suppliers of meter data management (MDM) solutions for a third consecutive year.In a press statement, the provider of smart meter data management solutions announced that it was positioned highest in Gartner’s 2016 Magic Quadrant for MDM.

The report was released in December 2016.

Commenting on the development,  Mike Carlson, president of Siemens Digital Grid, said: “We believe recognition by Gartner for the fourth consecutive year, with three of these in the “Leaders” quadrant, is a strong testament to the impact of our meter data management technologies in the market and our ability to innovate in an ever-changing energy environment.”

The German-based energy solutions provider was recognised by the IT research and advisory firm, Gartner, for deployment of its EnergyIP MDM technology to help global utility firms to optimise their operations by harvesting benefits of smart meters.

“With nearly 70 million smart devices installed globally, we are driven to continue to invest in and develop robust metering technologies that support advanced metering infrastructures and help our customers remain agile in an ever-changing market,” added Carlson.

In North America alone, Siemens has provided its solution to over 1,000 energy customers including utility firms and industrial energy consumers to help them improve their energy efficiency and enhance the reliability of grid networks.

The 2016 Gartner Magic Quadrant analysed 14 companies and their ability to execute utilities’ smart meters projects. The report assessed the firms’ global presence and product, marketing execution and customer experience.

Smart meter data management

The news follows the selection of Siemens by Spanish utility Viesgo to manage the utility's smart meter data.

Siemens will integrate its EnergyIP Smart Grid platform with Spanish utility’s electricity distribution system to improve Viesgo’s smart meter data acquisition and processing.

The solutions provider claims that its technology will enable Viesgo to improve its customer service to some 700,000 consumers.

The smart meter data management technology is expected to help the utility to use energy usage data effectively to develop new business strategies such as time-of-use energy pricing and energy efficiency programmes.

Viesgo said it will use the solution to provide services in the smart home and energy prepaid services as well to make informed decisions in investing in distributed power generation.

In addition, the technology and smart meters are expected to help Viesgo improve the efficiency of its grid infrastructure and reduce its task management costs through increased low-voltage load management.

The project falls under efforts by the Spanish utility in modernising its grid infrastructure by employing the latest technology on the market to meet growing customer, grid and environmental requirements. [Bahrain utility signs grid modernisation deal with Siemens]

By its ability to retrieve data from different sources, combine it, and convert it into more precise consumption information, EnergyIP will help Viesgo to accurately forecast its load demand and improve personalised relationships with its customers.