Wednesday, Bglobal Plc (BGBL.L) said it has signed a new agreement to supply and install smart meters for British Gas Business during 2010. The contract value is anticipated at more than £12 million. In addition, the company said it will provide new data services, delivering recurring revenues of more than £1 million per annum.
Bglobal has supplied British Gas Business with smart metering services under a preferred supplier framework contract since July 2006. The new agreement is a variation to this framework which will guarantee delivery of a fixed programme of meter installations by the end of the current calendar year.
Also, Bglobal announced the signing of an agreement to deliver end-to-end smart metering services to new electricity market entrant Dual Energy Direct Limited or Dual.
Bglobal will supply, install and service its latest generation of smart electricity meters to Dual's business customers in the UK from April 2010 onwards in support of ambitions growth plans. Bglobal will also supply data collection and analysis services and its web-based energy management software platform.
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