GE acquires Remote Energy Monitoring

GE has acquired Remote Energy Monitoring, Ltd. with operations in Tring, Hertfordshire, UK and in Australia.
 
This acquisition enhances GE’s ability to address the European Union’s goals for a lower-emission, higher efficiency energy infrastructure.  Remote Energy Monitoring’s software and hardware technologies allow consumers and utilities to better monitor and manage their energy usage. 

Remote Energy Monitoring’s metering solutions are approved by UK regulators. The modular design of their solutions make them  field upgradeable,  enabling utilities to integrate new capabilities in the future without the time and expense of switching out meters. 

“Advanced software, flexible systems and robust communications are critical elements in modernizing our infrastructure to meet the world’s energy needs,” said Bob Gilligan, vice president of GE’s Digital Energy business. “The accelerating pace of change of the Energy industry demands flexible, cost effective solutions that can be modified to meet the changing needs.”

GE’s end-to-end hardware, software and communications technologies elevate electric metering beyond simply tracking energy consumption.  The metering solutions support enhancements such as remote activation and disconnect, two-way communications between households and utilities, dynamic pricing structures, pre-paid account management, and energy use adjustments in response to peak pricing events. In addition, robust software and communications enable consumers to receive energy information and control energy usage via PC, TV, smart phone and/or other mobile devices.

“Combining Remote Energy Monitoring’s UK smart metering expertise with GE’s worldwide metering, manufacturing and smart grid leadership will expedite the rollout of this important technology, enabling the UK to lead in this area of energy management and efficiency,” said Gilligan.

“Energy companies can install our new meter solution, with its interchangeable and upgradable modules, with the assurance it can be easily adapted to meet future communications and other technological advancements” said Nigel Rzemieniecki, chief executive officer, Remote Energy Monitoring, Ltd. “Adding GE’s resources helps us continue to strengthen our technology development and broaden the reach of our smart, future-proof solution today.”

The transaction closed on January 11, 2011. The entire Remote Energy Monitoring technology and support team will be joining GE. Headquarters will remain in Tring Hertfordshire, U.K.

UK, Hertfordshire

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