Double deal for Smart Metering Systems plc
Summary
Energy infrastructure firm Smart Metering Systems has revealed strategic investment into two startups. The investments are intended to boost its offering in electric vehicle charging infrastructure and energy data management. n3rgy’s software-as-a-service platform enables and facilitates the use of energy consumption, generation and tariff data from smart meters. This data is then used for settlement, billing, energy management and a growing market of wider applications and services. “These two strategic investments are highly complementary to the existing SMS business and will significantly enhance our propositions in EV charging and energy data management, continuing the momentum in developing our CaRe products and services,” said SMS CEO Tim Mortlock.