The European Commission plans to propose a new law to accelerate AI-powered smart meter rollout. This aims to encourage households to reduce energy use during peak hours, managing rising demand from AI data centers and economic electrification.
The European Commission will propose a new law to accelerate AI-powered smart meter rollout, aiming to help households shift energy use to off-peak hours. This initiative prepares for increased demand from AI data centers and economic electrification, ensuring grid stability and lower consumer bills.
I Squared Capital, a $55-billion infrastructure-focused asset manager, is exploring an exit from Polaris Smart Metering Pte, with the company valued at around $200 million. The US-based fund invested $150 million in February 2023 for a controlling majority stake through its ISQ Growth Markets Infrastructure Fund. Singapore-headquartered Polaris operates in India via Gomati Smart Metering and has secured contracts to install 5.1 million smart meters in Uttar Pradesh's Lucknow and Ayodhya clusters, and 2.2 million in West Bengal. The company recently raised ₹710 crore in financing from British International Investment.
A groom in Banda, Uttar Pradesh, led his wedding procession to the District Magistrate's office to protest a power cut caused by a negative smart meter balance, demanding a bill waiver before proceeding with his wedding.
