LARGE IT INVESTMENT: THREE-DIGIT MILLION VALUE CONTRACT TO CONTRIBUTE TO INTELLIGENT EXPANSION OF THE ELECTRICITY GRID
Data is the foundation for an intelligent expansion and utilization of the electricity grid. Therefore, KMD will now deliver a new IT system on a three-digit million value contract, which Cerius-Radius’ joint operating company Nexel will use to handle the huge amount of detailed data from modern electricity meters, which helps to create an ultra-modern platform for balancing the electricity grid and anticipating peak loads.
In the future, more electric cars, heat pumps, solar parks, and wind farms will both increase the electricity consumption and electricity production, and thus, the number of electricity meters. These modern meters provide access to large amounts of data on consumption and production, which can be used to optimize and expand the electricity grid.
The customers of the Eastern Danish grid companies Cerius and Radius have a total of more than 1.4 million electricity meters, and their data is thus an important prerequisite for balancing consumption and production from, among other things, renewable energy.
Cerius and Radius own, operate, and develop the electricity grid on Zealand, Lolland Falster, and the islands. Their joint operating company Nexel will operate the new system for handling meter data. The solution will upgrade the grid companies’ insight into consumption, which means, among other things, that Cerius and Radius can optimize investments in substations and new cables in the electricity grid. The new system also contributes to securing the critical infrastructure against hacking and cybercrime in a time of global uncertainty.
“The electricity grid requires billions in investments to support the accelerating electrification in society and contribute to the green transition. It also makes great demands on the underlying IT, and through this agreement with KMD, we ensure a strong foundation for the future with a modern foundation of data and a uniform platform across both Cerius and Radius,” says Anders Vikkelsø, CEO of Nexel, and continues:
“We look forward to working with KMD, which has a long history of strong solutions in the energy market. The agreement means that we can safely focus on developing, optimizing, and expanding the electricity grid with a strong partner behind us,” says Anders Vikkelsø.
Vice President of Energy Solutions in KMD Anders Bonnerup is looking forward to the cooperation:
“We are very much looking forward to working with Cerius-Radius and Nexel. The agreement is an example of how we at KMD can help support the development in the energy and utility sector through intelligent use of data. Like us, Cerius-Radius and Nexel are very ambitious when it comes to the development of the electricity grid of the future. We are therefore looking forward to delivering a pressure-tested IT solution with focus on security, green transition, and scalability, which are three key attributes for the electricity grid of the future in both Denmark and the rest of the world,” he says.
The new agreement is a SaaS solution where KMD will develop and maintain the IT solution. The contract runs for eight years, and it is expected that the first phase of the solution will be implemented in fall 2024. Cerius, Radius, Nexel, and KMD will work together on how the meter data system best matches the needs of the grid companies and the development in the market.
About the solution
- The Meter Data Management solution can, among other things, handle and process much larger amounts of data from the individual meters, e.g., 15-minute readings of private meters
- The solution upgrades the IT and information security associated with the electricity network’s data to a very high level
- The system makes it possible to handle newer and much more advanced electricity meters, which many private individuals will have installed in the coming years
- The solution is more flexible, intuitive, and can be adapted to the different employee groups compared to the previous system, which will provide more efficiency and increase employee satisfaction
- The new Meter Data Management system makes it possible for the grid companies to meet future requirements from Energinet in terms of delivering data to the Data Hub