article thumbnail

Smart gas metering growing fast in Europe

Smart Energy International

The penetration rate of smart gas meters in Europe reached 45% in 2023 and is set to increase to about 62% by 2028, Berg Insight has reported. In 2023 the installed base of smart gas meters amounted to 55.9 million units in 2023 and are expected to be around 5 to 5.8 million units and at a CAGR of 6.8%

article thumbnail

Technology Trending: Enlit Europe 2023 edition – smart meters, standards, IoT and circularity

Smart Energy International

New electricity, water and hydrogen smart meters, DLMS and LoRa standards developments, and new studies on circularity and IoT are on the week’s technology radar. The new smart meter also is interoperable with third-party vendor solutions, allowing backward compatibility and integration with existing installations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Six GB suppliers fined £10.8m for missing smart meter installation targets

Smart Energy International

million smart meters. The six suppliers are British Gas, OVO, Bulb, E.ON, Scottish Power and SSE and they will pay the combined total of £10.8 million) to Ofgem’s Energy Industry Voluntary Redress Fund, which is used primarily to support vulnerable consumers. million (US$2.10) Scottish Power – £1.24 million (US$13.2

article thumbnail

326 million smart meters across Europe by 2028 – report

Smart Energy International

The penetration of smart meters across Europe is expected to increase from about 60% in 2023 to 78% in 2028, Berg Insight reports. In the latest Europe smart meter review, Berg Insight reports that at the end of 2023, there were more than 186 million smart electricity meters – an increase of about 4% over 2022.

article thumbnail

Hitachi Energy expands German power transformer facility to address demand

Smart Energy International

Hitachi Energy has announced an investment of more than €30 million ($32 million) in the expansion and modernisation of its power transformer manufacturing facility in Bad Honnef, Germany. Expected to be complete in 2026, the project will see the facility expand to over 15,000 square meters.

article thumbnail

Q&A: Gearing up for smart meter mass rollout

Envirotec Magazine

Smart meters are prominent in water companies’ 2025-2030 business plans, in line with regulatory expectations for large-scale rollouts. What are the key benefits of smart meters for utilities and their customers? What are the key benefits of smart meters for utilities and their customers?

article thumbnail

Smart metering progresses in Europe but 11 countries have barely started

Smart Energy International

Thirteen of the 27 EU countries have now reported completing their smart metering rollouts with penetration greater than 80% but eleven are lagging far behind. Their non-availability is a key barrier to consumers receiving regular and accurate metering data in a timely manner. Have you read?