Sheffield firm signs £20m smart meter deal
A Sheffield utility services company has landed a £20m contract to look after and install smart meters.
Fulcrum has signed a five-year contract with pre-payment specialist ‘E’ based in Birmingham.
Fulcrum will manage its 320,000 smart meters. It will also install a further 80,000.
The deal takes its portfolio of managed meters to almost 500,000.
Terry Dugdale, CEO at Fulcrum said: “We are delighted to entering this significant new agreement with E, which is a positive endorsement of our growing position in the Smart Metering market, and substantially grows our meter portfolio and exchange programme activity.
“There are strong synergies between Fulcrum and E, particularly our shared focus on delivering the highest levels of service, which will be essential when we are operating on E’s behalf in customers’ homes. Through our collaborative approach, we can assist E and its customers to continue to make a valuable contribution to the low carbon economy by saving energy.”