Bglobal is partnering with Samsung C&T Corporation on an exclusive work alliance to provide a fully funded solution for the installation of smart meters across the residential, industrial, and commercial sectors in the UK. There are currently approximately 27 million residential electricity meters in Britain and around two million electricity meters in the industrial and commercial sector that will need to be replaced with smart meters.
In its Spring Package, the UK government is expected to announce the technical specification for residential meters and the times table for the installation deployment. The relationship with Samsung means Bglobal is well positioned to play an integral role in this market as it develops.
Bglobal and Samsung are expected to establish a joint venture through a special purpose company. Samsung will provide smart meters for the venture and help Bglobal secure funding that enables the joint venture to offer a fully-funded rental model for the deployment of smart meters by energy suppliers to their residential and commercial customers.
The joint venture between Bglobal and Samsung is also expected to exploit opportunities in energy management and home automation, businesses that are both enabled through smart metering. Bglobal will contract with the joint venture regarding the installation, operation, and maintenance of the meters.
Tim Jackson-Smith, Group Chief Executive Officer calls the alliance “a major step forward for the Group and we are extremely honored that Samsung has chosen us to be its partner to develop a solution which will help to unlock the massive potential this market has to offer. We look forward to working closely with Samsung over the coming months.”
Bglobal is a leading provider of smart metering solutions to the energy market.
source. http://www.smartmeters.com/the-news/1972-bglobal-aligns-with-samsung-.html
In its Spring Package, the UK government is expected to announce the technical specification for residential meters and the times table for the installation deployment. The relationship with Samsung means Bglobal is well positioned to play an integral role in this market as it develops.
Bglobal and Samsung are expected to establish a joint venture through a special purpose company. Samsung will provide smart meters for the venture and help Bglobal secure funding that enables the joint venture to offer a fully-funded rental model for the deployment of smart meters by energy suppliers to their residential and commercial customers.
The joint venture between Bglobal and Samsung is also expected to exploit opportunities in energy management and home automation, businesses that are both enabled through smart metering. Bglobal will contract with the joint venture regarding the installation, operation, and maintenance of the meters.
Tim Jackson-Smith, Group Chief Executive Officer calls the alliance “a major step forward for the Group and we are extremely honored that Samsung has chosen us to be its partner to develop a solution which will help to unlock the massive potential this market has to offer. We look forward to working closely with Samsung over the coming months.”
Bglobal is a leading provider of smart metering solutions to the energy market.
source. http://www.smartmeters.com/the-news/1972-bglobal-aligns-with-samsung-.html