28th Oct 2014 07:42
LONDON (Alliance News) - Energy Assets Group PLC Tuesday said it has signed a new agreement with UK energy provider npower to provide data collection and aggregation services from advanced electricity meters being installed over the next 12 months.
In a statement, the gas and electricity metering services company said the new agreement is a variation to an existing agreement and relates to about 60,000 additional industrial and commercial meter and data points. The deal was signed by BGlobal Metering Ltd and is the first of its kind to be secured since BGlobal was acquired by Energy Assets in April 2014.
"npower is a long standing customer of BGM and, in signing this new agreement, we can look forward to further strengthening this relationship as we continue to grow the BGM business with the objective of becoming the leading provider of metering services to I&C customers in both the gas and electricity sectors," Chief Executive Phil Bellamy-Lee said.
It didn't provide any details about the contract.
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
EAS.L