Proving the Business Case for the Internet of Things

CG wins $41 million smart meter contract with Spain's Iberdrola

Iain Morris
June 10, 2014
Smart meter player CG has secured a €30 million ($41 million) contract to roll out more than a million smart meters for Spanish utility giant Iberdrola in a single year.

The order includes single-phase and three-phase meters, said CG in a statement, and marks a significant win for the company – a part of India’s Avantha Group.

Meters are to be developed by CG (Mumbai, India) subsidiary ZIV, which the Indian company bought in 2012 for around €150 million.

Based in Bilbao in the north of Spain, ZIV claims to be the key provider of smart meters in Spain and a major player in the global smart grid market – where it supplies meters, data concentrator units and distribution automation solutions.

CG reckons Europe’s installation base for smart meters will hit 180 million by 2020 as large-scale deployments get under way in the UK, Germany and France – besides Spain.

A major advantage for CG in the Spanish market has been the country’s regulatory framework, mandating that 70% of analog meters in the country be replaced with smart meters by 2016.

Authorities have stipulated that all of the country’s meters must be smart meters by 2018.

The contract with Iberdrola (Bilbao, Spain) follows wins for ZIV earlier this year with Energias de Portugal (Lisbon, Portugal) and Gas Natural Fenosa (Barcelona, Spain) that will see the company deploy a further two million smart meters.

ZIV has also signed contracts to work on ten advanced metering infrastructure pilot projects in three continents.

“This win reinstates CG's long term commitment to providing smart grid solutions to the European distribution grid to monitor and manage their own networks,” said Laurent Demortier, CG’s chief executive and managing director. “We thank Iberdrola for their trust and continued patronage of our efficient and state-of-the-art smart meter technology.”

“We remain focused on supporting our customers to build a modern, efficient grid and improve their overall end-user experience by providing a full suite of smart grid products and service,” he added.
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