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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

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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.

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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?

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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?

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Smart Energy Finances: SparkMeter funding, Elia in the US and AI assisting investments

Smart Energy International

This week we look at a $5 million investment into SparkMeter, which provides grid management solutions tailored to emerging markets, an acquisition from Elia Group signalling their entry into the US and insights into how AI can assist with clean tech investments in a constantly changing market environment.

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? $32bn and 30% drop as market hits pause in 2023

Climate Tech VC

We've been meticulously tracking climate tech investment, deal by deal, since the term ‘climate tech’ emerged. In 2023, a challenging macro environment marked by higher interest rates and a cautious private investment market raised the hurdles for deployment.

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ABB energizes Enlit with latest industry insights

Smart Energy International

Today, on the first day of Enlit Europe 2023 in Paris, ABB launches two industry reports, sharing insights on the key digitalization and sustainability trends that are shaping the energy transition. In 2024, we expect this to result in an increased adoption of connected digital technologies, retrofitting and circularity.