01.10.2014 | Austria
S&T secures largest commission in corporate
S&T to supply smart grid technologies worth 20 million dollarsS&T AG's new smart energy business area has secured the largest order in the company's history. The order encompasses S&T's supplying smart meters (of which there will be a total of 330,000) and associated technologies and the management software requisite to operate the items. The customer is a consortium. It in turn has been commissioned with Europe's first major-sized smart metering project. The implementation of it will start at the end of September. The order is worth some 20 million dollars to S&T. Its delivery of items is to start in the first quarter of 2015.
The order comprises S&T's delivering smart metering units (of which there will be a total of 330,000) plus the head-end hardware and software system requisite to operate these. S&T's customer is a Korean-Polish consortium. It, in turn, won a tender placed by Poland's largest energy supplier. The tender is for the equipping of the municipality of Wroclaw, which has a population of 630,000, with smart electricity meters. The commission means some 20 million dollars of business for S&T. Test deliveries are to be made in the fourth quarter of this year. The roll out is scheduled for the first quarter of 2015. Revenues of some 3 million dollars are expected for each quarter.
This “Smart City Wroclaw” project features the installation of AMI (Advanced Metering Infrastructure). Many such projects are planned for Europe. This is one of the largest currently being realized. The project's key goals are the enabling and assuring of the proactive determination of consumption and the achieving of an especially high level of security from grid outage. The grid also permits consumers to utilize – via an online-platform – query and notification features. These include the alerting of consumers to the exceeding of self-imposed limits on daily consumption.
Taking the commission into account, S&T is planning the attainment in 2015 of sales of EUR 465 million. This would represent a rise of 24% over the EUR 375 million forecast for 2014. Viewed generally, the smart energy segment is developing well and growing strongly. This is being furthered by the strong support being accorded by the European Union to the use of smart electricity meters, and by the ever-growing share of energy stemming from alternative sources. Upon the conclusion of the Smart City pilot project in Wroclaw in 2016, the energy supplier plans to tender a commission with a volume of 4 million meters and a previewed value of more than 400 million dollars. The commission will be for all of southern Poland.
S&T AG (www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is listed on the Prime Standard segment of the Frankfurt Stock Exchange. The company has some 2,100 employees. It operates in 20 countries. S&T is one of the three largest suppliers of IT systems in Austria and in Eastern Europe. S&T's prime assets include the breadth of the products – many proprietorially developed - comprising its portfolio. These products are used in the smart energy, cloud, security and mobile IT sectors. The portfolio is distributed throughout Central and Eastern Europe. S&T launched its “smart energy” business area in 2014. Due to the investment closed on September 30, 2014 in the in smart grid division of Echelon, this area now comprises a 40% stake in the newly-founded Networked Energy Services Corp. (NES) (www.networkedenergy.com), and holdings in the Austria-based Ubitronix GmbH (www.ubitronix.at) and the Group subsidiary RTSoft (www.rtsoft.ru/en). These companies provide S&T with an unsurpassed portfolio of smart energy technologies. This portfolio enables S&T to offer comprehensive, end-to-end solutions in this area.
...are “intelligent”. This means that they enable bidirectional communication between energy suppliers and consumers. The smart meters installed on consumers' premises employ a low-voltage power grid to communicate with a head-end system, which aggregates the data supplied to it by the smart grid's components. These flows of data enable the real-time determination of levels of grid utilization. This, in turn, permits the intelligent distribution of such loads. It also allows for the pricing of electricity in accordance with supply and demand. The growing share of energy stemming from alternative sources is the prime driver of the deployment of smart grids. This is because the grid technologies previously used are not capable of handling such systems' characteristics.