Vattenfall Eldistribution, Vattenfall Services and Telvent have also signed a letter of intent to work together in the operation and enhancement of the entire metering network for the next six years. The intention is to operate more than 850,000 meters in Sweden, including both industrial and residential customers through 2017.

Ignacio Gonzalez, CEO of Telvent, said: “We are pleased to continue our successful partnership with Vattenfall and honored that the utility continues to entrust us with the management of its metering system.

“As one of the most advanced utilities in the world, Vattenfall is helping to lead the way to a truly smarter and more efficient grid in Sweden and we are proud to be a part of that.”