Bglobal in meter tie-up with Samsung
Bglobal is joining forces with Korean giant Samsung to develop a smart meter energy suppliers can use for their UK residential and industrial and commercial customers.
The two firms will establish a joint venture. Samsung will provide this company with smart meters and will work with Bglobal to secure funding to develop a fully funded, rental model for that energy suppliers will able to rent to their residential and commercial customers.
"This is a major step forward for the group and we are extremely honoured that Samsung has chosen us to be its partner to develop a solution which will help to unlock the massive potential this market has to offer. We look forward to working closely with Samsung over the coming months,” chief executive Tim Jackson-Smith said.