in News Departments > New & Noteworthy
print the content item

Although the scope for meter data management (MDM) in Europe is currently limited, the market is slated to take off in the foreseeable future, according to a new report from Frost & Sullivan.

The main driver for the adoption of MDM solutions in Europe is the need for utilities to manage and use the growing volume and variety of data created by widespread smart meter installations. As awareness grows on the importance of high-volume data management and data pattern analytics, the report says MDM will become an important investment category for the deployment of smart meters.

However, the report finds that despite significant investments, the pace of implementation of smart meters differs by region; the majority of European countries are running pilots, while others are preparing for mass rollouts. Initially, demand for MDM solutions will come from large distribution system operators, with many midsize companies following suit.

"Although many utilities still fail to consider smart metering as a software project, the number of those that demonstrate strong interest in energy loss reduction and asset management is on increase," says Frost & Sullivan’s Ewa Tajer. "Consequently, MDM solutions will evolve into smart grid platforms."

What may hamper the implementation of additional MDM functionalities is utilities' approach to innovation, the report notes. Due to a lack of ICT experience, utilities are concentrating on potential risks and strongly focusing on the basic functionalities related to data acquisition, meter management and simple consumption information. This approach may prevent many of them from fully capitalizing on the potential of MDM. Therefore, the report says, finding a balance between cost and functionality is crucial.

Hybrid Energy Innovations

Hybrid Energy Innovations 2015
Latest Top Stories

USDA Invests $1.4 Billion To Boost Rural Grids Around The Country

The U.S. Department of Agriculture (USDA) has announced more loan guarantees for rural power companies and renewable energy firms in 21 states.

SPP Raises Concerns About EPA's Proposed Clean Power Plan

Stakeholders around the U.S. are mulling over the Environmental Protection Agency's blueprint to cut emissions from existing power plants. The Southwest Power Pool has released its assessment of the plan.

Comverge, Constellation To Merge Demand Response Businesses

The two companies have announced a deal to combine their DR operations serving commercial and industrial customers and establish a new, standalone entity.

Grid-Scale Energy Storage Continues Making Inroads

A new report from Navigant Research highlights the biggest markets and most popular technologies for grid-scale energy storage.

Demand Response And Renewables Help SDG&E Tackle Record-Breaking Heat Wave

San Diego Gas & Electric (SDG&E) recorded peak demand records last week and relied heavily on energy conservation, as well as imported wind and solar power, to keep the lights on.

S&C Electric_id176