21st Jan 2015 09:32
LONDON (Alliance News) - Energy Assets Group PLC Wednesday said it signed a deal with CityWest Homes, which manages housing for Westminster City Council, to install and manage metres in 800 properties across eight social housing tower blocks in central London.
In a statement, Energy Assets said the metres will incorporate its new Half Hourly Community Metering technology, which allows suppliers to provide beneficial tariffs to the landlord and therefore reduce energy charges to residents where fuel poverty is prevalent. It has also been tasked with deploying its Z-LYNK load switching and energy control technology to the properties, allowing the use of existing storage heaters and further improving energy efficiency.
It didn't give any financial details about the deal. The work will start this month and be carried out by its Bglobal Metering Ltd subsidiary.
"Projects of this kind, developed and implemented by Energy Assets, can ultimately create a platform to deliver load balancing and deferment opportunities to network owners, with storage heating being one of the largest deferrable loads available in the UK," Chief Executive Phil Bellamy-Lee said in a statement.
Energy Assets Group shares were up 0.2% at 434.00 pence Wednesday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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