9/23/2013 4:39:00 PM
O2 secures £1.5bn smart metering contract
O2 has confirmed its £1.5bn deal with the British government for the countrywide deployment of smart metering.
The operator was announced as the Department of Energy and Climate Change’s (DECC) preferred bidder last month for the central and southern regions of the UK, and the deal becomes the largest M2M contract at time of writing. The 15 year agreement will see 53 million gas and electricity meters installed by the start of 2021 as part of the Smart Metering Implementation Project (SMIP).
The operator already has 400,000 units successfully deployed across Britain and work will begin with the Data Communications Company (Smart DCC Ltd) with a view to rolling out on mass by 2015. The £11 billion rollout is expected to save the UK £6.7 billion and will cut Co2 emissions by 2 billion tones per year in 2020.
David Plumb, digital director at Telefónica UK (O2), said: ‘This contract win is a significant endorsement of the steps we have taken to focus on new digital services such as machine-to-machine communications and the leadership we are establishing in these areas. We are also proud to be playing such a central role in the delivery of a key national infrastructure programme which will transform our energy industry.’
Author: Matthew Campelli