Smart City & Utility Industry News

Upcoming projectEnergyNorthern Ireland Electricity NetworksIreland

Northern Ireland Unveils Smart Meter Rollout Plan for Public Consultation

Oct 4, 2024

The Department for the Economy has unveiled proposals for the rollout of approximately 920,000 smart electricity meters across homes and businesses in Northern Ireland. The plan follows a cost-benefit analysis that indicated a benefit-cost ratio of...

New Project (Full-Scale)EnergyEnvironmental MonitoringNearaCenterPoint EnergyUSA

CenterPoint Boost Grid Resilience with Neara’s Digital Twin

Oct 4, 2024

Sydney-based predictive modelling software company Neara has signed a deal with U.S. energy provider CenterPoint Energy to enhance infrastructure resilience using artificial intelligence (AI) and machine learning (ML). Neara’s advanced 3D digital...

Mergers and AcquisitionsEnergyIberdrolaDerryherk

Iberdrola Acquires Derryherk to Boost UK Smart Grid Efficiency

Sep 30, 2024

Iberdrola has acquired the UK-based tech company Derryherk, through its British subsidiary, ScottishPower, to enhance the efficiency of its smart grids in the UK. This follows a successful partnership between the two companies, which improved data...

Mergers and AcquisitionsEnergyEnBWenersis

EnBW Acquires enersis to Expand Digital Twin and Smart Grid Solutions

Sep 18, 2024

German energy company EnBW has acquired enersis, a swiss company specializing in digital twins for the energy sector, to strengthen its in-house tech capabilities, particularly in smart grids. enersis’ gaia platform, which provides real-time...

FundingEnergySampPromus VenturesFrance

Samp Secures €6M to Accelerate AI-Driven Digital Twin for Utilities

Sep 18, 2024

Paris-based startup Samp, an expert in AI-generated digital twin solutions for utilities and industrial sites, has raised €6 million in a funding round led by Promus Ventures and Kvanted. Samp’s innovative “Shared Reality” platform provides...

New Project (Full-Scale)EnergyElectricity North WestProcodeUK

Electricity North West Upgrades 2.5M Smart Meters with Procode

Sep 10, 2024

Electricity North West has signed a five-year deal with Procode to upgrade 2.5 million smart meters in North West England using Procode’s Intelligent Data Adapter (IDA). Starting in November, the migration to the cloud-based system will enhance...

New Project (Full-Scale)EnergyIberdrolaAvangridUSA

New York Advances Smart Grid with Over 700,000 Meters

Sep 9, 2024

Spanish energy company Iberdrola has installed over 700,000 smart meters for gas and electricity customers in New York, advancing its infrastructure through its subsidiary Avangrid. This project aims to enhance measurement accuracy by shifting from...

Public FundingNew Project (Full-Scale)EnergyEnea OperatorPoland

Poland’s Enea Operator to Install 273,000 Smart Meters

Aug 22, 2024

Poland’s Enea Operator will install 273,000 smart meters in 2025, backed by PLN 163 million (€37 million) in co-financing from the National Fund for Environmental Protection and Water Management. The total project cost is PLN 242 million (€55...

FundingEnergyArkionSubvenio Invest

Arkion Raises $4 Million in Funding for its AI Grid Inspection Solution

Jul 25, 2024

Arkion, an AI-based company specializing in grid inspection data solutions, has raised $4 million in a funding round led by Subvenio Invest, with Neptunia Invest and Antler participating. The funds should support Arkion’s growth and product...

Public FundingEnergyTauron DystrybucjaPoland

Tauron Dystrybucja Secures €40 million Subsidy for Smart Meter Rollout

Jul 25, 2024

Poland’s Tauron Dystrybucja has received over €40 million from the National Fund for Environmental Protection and Water Management. This funding will support the installation of over one million smart meters by the end of 2025, adding to the...