The CEFC investment is part of a debt finance package to support intelliHUB's growth plans. The CEFC was established to facilitate increased flows of finance into the clean energy sector.
According to CEFC grid solutions and storage lead Simon Brooker, there are approximately 9 million metering points in the national electricity market and by accelerating their conversion to smarter technologies, consumers will benefit from more meaningful information relating to their energy consumption.
(Source: CEFC, CIO, Twitter, 4 July, 2018) Contact: CEFC, Ian Learmonth, CEO, www.cefc.com.au; Landis+Gyr, Mike Cooper, General Manager of Distributed Generation and Energy Storage , http://landisgyr.com
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The joint venture, to be known as intelliHUB, will be the country's leading smart meter operator, with long-term cash flows and substantial growth options underpinned by a long-term agreement to deploy and manage digital smart meters for Origin's 4.2 million electricity customers.
Smart meters are becoming crucial as the electricity grid shifts to more decentralised energy resources such as solar panels, batteries and smart appliances. (Source: Landis+Gyr, Australian Financial Review, 24 May, 2018) Contact: Landis+Gyr, Adrian Clark, CEO Australia and NZ, www.landisgyr.com;
Origin Energy, Frank Calabria, CEO, www.originenergy.com.au;
Pacific Equity Partners, www.pep.com.au
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