Intellihub is accelerating the rollout of smart meters to give homes and businesses better information to help them choose the right solar and battery storage solutions to meet their individual consumption needs.
The National Electricity Market includes some nine million metering points. Intellihub has already deployed 250,000 smart meters, and is targeting one million smart meters in Australia and New Zealand. The company has also secured long-term contracts with energy retailers to support further deployment of the smart meters.
Intellihub is a joint venture between Pacific Equity Partners and global smart meter leader Landis+Gyr.
Smart meters benefit both energy users and grid operators. Smart meters give customers access to more meaningful information relating to their energy consumption. These customers will be better informed when considering investment in solar and storage solutions by matching system specifications to actual consumption patterns.
Through improved data provision via smart meters, electricity network operators can harness better insights to enable a smoother operation of the energy grid, facilitating improved integration of renewables and energy storage.
The CEFC has committed up to $60 million in debt finance to support the continued growth of Intellihub, and the increased availability of smart meters to benefit homes and businesses.