Return to Today's Publications

 

Newsletter:
Date Range (YYYY-MM-DD) -
Company, Industry or Technology:
  Search Tips


Australia's CEFC Invests $35Mn in Smart Meters (Int'l Report)
Clean Energy Finance Corp.,Landis+Gyr
Date: 2018-07-09
The Clean Energy Finance Corp (CEFC), an Australian government owned "green bank", reports it has invested $35 million in debt funding into smart meter technology provider intelliHUB -- a joint venture between Pacific Equity Partners and the Swiss-based global smart meter company LandisGyr.

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

More Low-Carbon Energy News Clean Energy Finance Corp ,  Smart Meter,  LandisGyr,  


Aussie Partners Purchasing Origin's Smart Meters Unit (M&A)
Landis+Gyr,Origin Energy
Date: 2018-05-25
In the Land Down Under, a partnership of Sydney-based Pacific Equity Partners (PEP) and global meters giant Landis+Gyr reports it will will $267 million for Origin Energy's Acumen smart meters unit. The move is intended to create a leading business in this key piece of infrastructure for the shift to clean, decentralised energy.

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

More Low-Carbon Energy News Origin Energy,  Landis&Gyr,  Smart Meter,  

Showing 1 to 2 of 2.