Investing in Onzo
Scottish and Southern Energy has agreed to invest £1m in Onzo, a data systems development business whose intellectual property includes display devices that support smart metering systems.
(SSE) has agreed to invest £1m in
in return for a 24.5 per cent share of the business. SSE's investment partner,
, will also invest £1m for an equivalent 24.5 per cent share.
Onzo is a newly established data systems development business, with specific intellectual property relating to the development of display devices that support smart metering systems. The devices are said to provide real-time information about energy consumption and have the potential to provide data down to the individual appliance level.
SSE has placed initial orders worth over £7m with Onzo for the company's energy display products and specialist data services. As part of this order, SSE has secured exclusive rights to Onzo's products and services covering the
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
Construction industry lags in tech adoption
Are these the best people to ask "Insights from 2,000 Industry Leaders"? - what would their customers views be like (perhaps more...