The integration of smart meter technology in UK homes is accelerating, with over 30.6 million smart meter installations already having been completed as of the end of Q1 (March) 2023. This accounts for over 57% of all domestic meters, including traditional meters.
Smart meters are part of a widespread metering infrastructure that is meant to ease monitoring of energy consumption and enable two-way communication with the supplier. The meter is often connected to the network via fixed cabling or wireless technology, often used for electricity in the deployment of smart grids, with water and gas meters also becoming more prevalent in recent years. At present, every home and office in England, Scotland and Wales will be offered a smart meter installation by mid-2025.
CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.
