SMS has announced a contract win with a large energy supplier where SMS will fund and provide MAP services for at least 400,000 domestic smart meters, taking the contracted pipeline to 2.75m. A further 50MW grid-scale battery project (commencing installation Q4/22) has also been secured from the 470MW pipeline, taking the secured pipeline to 240MW. We estimate that the combined current contracted metering and secured battery pipelines should add c£75m EBITDA alone upon completion, an increase of ....
25 Aug 2021
Cenkos: Smart Metering Systems Plc - New meter contract and increase in grid-scale battery storage pipeline
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Cenkos: Smart Metering Systems Plc - New meter contract and increase in grid-scale battery storage pipeline
Smart Metering Systems PLC (SMS:LON) | 952 9.5 0.1% | Mkt Cap: 1,273m
- Published:
25 Aug 2021 -
Author:
Ian McInally -
Pages:
8
SMS has announced a contract win with a large energy supplier where SMS will fund and provide MAP services for at least 400,000 domestic smart meters, taking the contracted pipeline to 2.75m. A further 50MW grid-scale battery project (commencing installation Q4/22) has also been secured from the 470MW pipeline, taking the secured pipeline to 240MW. We estimate that the combined current contracted metering and secured battery pipelines should add c£75m EBITDA alone upon completion, an increase of ....