Under the contract, Ericsson will install 180,000 smart meters beginning in 2016 through 2019.
The company will also provide operations, support and maintenance services.Skagerak Nett CEO Geir Kulås said: "Taking on transformation approach will enable us to upgrade the grid to boost capacity and manage peak demands."
The smart grid technology is said to help reduce CO2 emissions as well as save transmission distribution costs. It will facilitate transition to renewable energy.
Ericsson Northern Europe and Central Asia region president Charlotta Sund said: "The main drivers of the smart grid are sustainable energy supply, distributed generation and energy efficiency.
"With our global scale and expertise, we will be able to support Skagerak during their transformation journey to meet the needs of the utility industry of the future."
Ericsson said estimates that globally over 800 million smart meters are likely to will be installed by 2020, across the globe.
