Landis+Gyr Lands World’s Largest Metering Contract
Clean Edge News
British Gas has awarded a contract worth £600 million ($954 million) to Landis+Gyr to supply the majority of the 16 million smart meters British Gas will install in its customers’ homes.
By 2020 smart meters will be rolled out as standard to homes and businesses across the country as part of a government initiative. They will replace current gas and electricity meters and offer:
An in-home display showing how much gas and electricity is being used as customers are using it – and the cost in pounds and pence
Estimated savings of around 5% (£65 or $103) per year
Meter readings sent directly to energy suppliers, putting an end to estimated bills
British Gas adopted a strategy to introduce smart meters into homes and businesses early in order to bring these benefits to customers as soon as possible, and currently leads the industry with more than a million meters already installed in customers’ homes and businesses.
Andreas Umbach, CEO, Landis+Gyr, said: “We’ve been working with British Gas for the last three years to develop smart meters for its customers. This is the largest deal of its kind worldwide and sets a new industry standard for working in partnership. It allows us to achieve significant economies of scale in meter production, to expand our UK operations and to further establish the UK as a global centre of smart energy excellence.”
As a result of the deal announced today, Landis+Gyr expects to double its 600-strong UK workforce and extend its manufacturing facilities to meet not only the demands of British Gas’s roll-out, but also those of its other UK customers as the roll-out gathers pace.
British Gas has already announced more than 1,000 roles for Smart Energy Experts who will install smart meters and provide energy efficiency advice to households. The announcement paves the way for the recruitment of 500 Smart Energy Experts in 2014.