Ericsson has won a deal to provide energy company E.ON Sweden with its smart metering solution.

The five-year deal will see Ericsson gather data from more than 600,000 metering points, which will then be provided on a daily basis to E.ON's internal IT environment.

E.ON is one of the world's largest investor-owned power and gas companies with global revenues of €132 billion.

Ericsson’s solution combines managed services, consulting and systems integration services and includes meter reading and control, meter management, meter monitoring, Service Layer Agreement (SLA) management, work force management, asset management, business process management, as well as field services and an operations center.

Smart grids form part of the company’s Global Services division, which is increasingly looking at areas beyond its core telecoms customers.

Last year, revenues at the business unit grew 16 percent to €11.3 billion.

Ericsson already supplies clients in Estonia and Italy with smart grids solutions and services, which are becoming a priority in a number of countries, including EU and the US, and will “eventually create a smart energy network that manages a huge amount of data in 24-hour intervals”, according to the vendor.

This will open “new opportunities for efficient grid and consumption management as well as a seamless integration of locally produced renewable energy into the infrastructure”, it added.

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