London smart meter trial begins

Companies mentioned: Ofgem Low Carbon Network Fund, EDF, UK Power Networks, Korea Telecom, On-Ramp Wireless, Fountain Springs, ABB, Powercorp, GE, and BT
From press releases - 23 November 2012 09:30 AM

The first smart meters of UK Power Networks' London smart grid trial are being rolled out to homes across the capital. The project, dubbed Low Carbon London, is one of a number of schemes partly funded by Ofgem's Low Carbon Network Fund. As part of the programme, network companies bid for money to work out how to deal with the massive changes to their businesses brought about by decarbonising energy supplies and the increasing electrification of heat and transport.

EDF Energy, which last year sold its networks business to CKI, who renamed it UK Power Networks, is leading the smart meters element of the trial. Initially, UK Power Networks will look at the impact of EDF customers using smart meters on the pattern of electricity use at specific substations within its network.

Korea Telecom signs deal with Fountain Springs and On-Ramp Wireless

On-Ramp Wireless has signed an agreement with Fountain Springs, a South Korean smart metering company, to deploy its advanced metering infrastructure solution in conjunction with Korea Telecom, a South Korean integrated telecommunication service provider, according to a TD World report.

Based on On-Ramp Wireless’ Ultra-Link Processing (ULP) wireless networking platform for utility automation, On-Ramp and Fountain Springs will deliver new technology to enableKorea’s Smart Grid initiative.

ABB to Acquire Powercorp in Australia

ABB has agreed to acquire Powercorp, an Australian renewable power automation company. This acquisition strengthens ABB’s portfolio of control technologies used to manage the integration of renewable energy sources.

Darwin based Powercorp employs around 30 people and offers automation and intelligent control solutions to manage renewable energy generation in isolated grids, ensuring utility grade power quality and grid stability.

Peter Leupp, head of ABB’s Power Systems division says that the bolt-on acquisition will add specialist know-how and solutions to ABB’s control systems offering and further strengthen its position in the renewable space. The transaction is expected to close before year end.

Smart grid communities to pay for smart grid cloud on monthly basis

The city utility of Norcross, Georgia wants a smart grid, but is unable to afford its own. GE’s Grid IQ Solutions is working with the local community by building the smart gird for a monthly fee, and then run it all from a giant cloud computing platform in Atlanta.

According to a GTM report, Norcross expects to add about $1 per month to bills for the utility’s 4,200 customers to pay for the project, but they will get lower meter management costs, quicker outage management response and quicker restoration times in return.

GTM Research believes that other utilities could also offer such a service leading to a new trend in monthly-cloud based smart grid platforms.  The researcher predicts US utilities will spend $8.5bn from 2011 to 2015 on smart grid enterprise.

BT could cut £13m off energy bills with smart meter system

BT expects to shave £13m ($21m) a year off its energy bills, and reduce its carbon footprint by five per cent, by introducing smart meters and a smart energy management and control system across thousands of its offices, telephone exchanges and data centres.

The company is currently installing more than 22,000 smart energy meters and over 1,500 building energy management systems, as well as an advanced control network over broadband, to monitor and control energy consumption and ensure that systems like heating, ventilation and air conditioning are optimally configured and functioning efficiently.