Tuesday, 18 January 2011

GE moves into UK market with acquisition of smart metering specialist

Giant GE has acquired smart metering specialist Remote Energy Monitoring for
an undisclosed amount in a bid to stake a foothold in the UK market.

Hertfordshire-based Remote Energy Monitoring supplies software and hardware
technologies to help consumers and utilities in the UK and Australia monitor
and manage their energy use.

Crucial to GE is that Remote Energy Monitoring's smart meter technology has
been approved by UK regulator Ofgem.

"Combining Remote Energy Monitoring's UK smart metering
expertise with GE's worldwide
metering, manufacturing and smart grid leadership will expedite the rollout
of this important technology, enabling the UK to lead in this area of energy
management and efficiency," says Bob Gilligan, vice president of digital
energy at GE Energy Services.

GE's hardware, software and communications technologies offerings support
smart meters in remote activation and disconnection, two-way communications
between customers and utilities, account management and demand response.

The technology allows customers to access information and control energy use
through a variety of mediums such as computer, TVs and smartphones.


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