The SmartCo consortium includes Alpine Energy, Counties Power, Electricity Invercargill, Network Tasman, The Power Co. and WEL Networks.
SmartCo is pursuing a new business model in New Zealand’s disaggregated market where retailers are responsible for deploying smart meters. SmartCo and its company members will use Silver Spring’s platform to generate incremental revenue by providing smart metering services to energy retailers.
The transmission line companies will also leverage the same platform to improve services for consumers including faster outage detection and restoration and improved power quality.
SmartCo serves more than 250,000 urban and rural consumers across New Zealand.