LONDON, Oct. 6, 2020 /PRNewswire/
-- Landis+Gyr (LAND.SW), a leading supplier of energy
management solutions, today announced an extension to its existing
partnership with Calvin Capital, a wholly-owned subsidiary of
Calisen plc (CLSN.L).
The contract will see Landis+Gyr provide a flexible volume of
SMETS2 smart meters to support the roll-out obligations of
independent UK energy suppliers which use Calvin Capital as their
Meter Asset Provider. Under an innovative new mechanism, between
400,000 and 2 million meters will be supplied, with the option for
incremental expansions of volumes.
As the market-leading manufacturer of smart meters, Landis+Gyr
already provides a range of tailored solutions to the UK's 'Big
Six' utilities. The expanding partnership with Calvin Capital
reflects the changing dynamics of the UK's energy supply sector. As
smaller suppliers have increased market share in recent years,
their role within the smart meter rollout has become more
important. The contract will enable Calvin Capital to procure
Landis+Gyr smart meters collectively for these smaller suppliers,
reducing their procurement challenges.
The SMETS2 rollout paves the way for a smart grid and
intelligent power distribution system which will fundamentally
transform the way the power grid operates, supporting the
systematic decarbonisation of the UK economy. A total of 53 million
smart electricity and gas meters are to be deployed before 2025, as
part of the country's plans to upgrade its electricity
infrastructure. Including the contract with Calvin Capital, 21
million meters have now been awarded to or delivered by
Landis+Gyr.
Jo Cox, Managing Director from
Calvin Capital said: "We're thrilled to be continuing to
partner with Landis+Gyr with this new deal. Many of the independent
suppliers who we work with have faced challenges in procuring the
smart meter volumes they need. By working with our client base and
Landis+Gyr, our adjustable volume and funding structure will prove
invaluable to our customers in delivering against their roll-out
obligations."
Susanne Seitz, Executive Vice
President of Landis+Gyr's EMEA region: "As the driving
force in UK's rollout of smart meters, we are pleased to further
strengthen our distribution network and serve the many independent
suppliers in their quest to bring smart metering to as many homes
as possible. We look forward to remaining at the forefront of the
nationwide rollout, establishing the foundation for a consumer
energy application-driven future."
Simon Egan, Managing Director
UK, Ireland and Netherlands at Landis+Gyr commented:
"Innovative customers need innovative solutions and our
first-of-its-kind funding and delivery model will help these
independent suppliers deliver against their commitments to bring
the benefits of smart metering to every house in the country. We
have been working with Calvin Capital for many years and are proud
of our ability to help this part of the supplier market navigate
the challenges associated with major procurement projects."
Landis+Gyr structured the innovative contract with Calvin
Capital to cater to smaller, independent gas and electricity meter
suppliers. Benefits to Calvin Capital's customers include:
- High security – the new SMETS2 meters maintain and extend the
highest standard of security for householder data.
- Renewable energy support – SMETS2 meters will facilitate the
connection of all types of home renewable and microgeneration
technology onto the grid, supporting a cleaner, greener UK.
- Interoperability – SMETS2 meters enable seamless switching
between energy suppliers by connecting with the Data Communications
Company.
About Landis+Gyr
Landis+Gyr is the leading global provider of integrated energy
management solutions for the utility sector. Offering one of the
broadest portfolios, we deliver innovative and flexible solutions
to help utilities solve their complex challenges in smart metering,
grid edge intelligence and smart infrastructure. With sales of
USD 1.8 billion, Landis+Gyr employs
approximately 5,800 people in over 30 countries across five
continents, with the sole mission of helping the world manage
energy better. More information is available
at www.landisgyr.eu.
About Calvin Capital
Founded in 2002, Calvin Capital is a trusted and leading owner
and manager of essential energy infrastructure assets. Calvin
Capital is a wholly-owned subsidiary of Calisen plc whose core
mission is to accelerate the development of a more efficient and
sustainable energy market. Together, they are committed to aiding
the global effort to reduce carbon emissions through the
development, implementation and funding of digital energy
infrastructure assets.
