Cyan signs MOU with Ecolibrium Energy

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Cyan (AIM:CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control, announces that it has signed a Memorandum of Understanding with Ecolibrium Energy Private Limited (“Ecolibrium”) to enter into a partnership to develop, market and deploy integrated smart metering solutions in India.

Ecolibrium and Cyan, as a consortium, will tender for a number of smart metering projects in India. The consortium’s solution will provide seamless integration between Cyan’s sub GHz wireless communication platform, delivering last mile connectivity, and Ecolibrium’s smart grid platform, GridSense. This will enable utilities to track all existing meters in the network and monitor their usage, allowing timely and accurate billing for customers and leading to improved revenue assurance for electricity distributors.

Ecolibrium’s GridSense offers a broad range of services including energy management solutions and demand response programs for distribution companies. Its technology-enabled solutions help meet the needs of utilities responsible for maintaining the real-time balance between electricity supply and demand. Ecolibrium has more than 400 customers across the country, managing more than 1500 MW of power through its demand side management programs and saving between 5%-25% of the energy costs of its customers.

John Cronin, Executive Chairman at Cyan, commented, “We are very pleased to be partnering with Ecolibrium to provide integrated solutions for smart metering opportunities across India. Ecolibrium’s solutions enable utilities to manage the vast amounts of data generated by smart metering; optimising the use of energy and making the grid more efficient. This partnership will further extend Cyan’s eco-system partners to allow Cyan to deliver measurable value to its customers.”

Chintan Soni, Managing Director/CEO at Ecolibrium Energy, commented, “Cyan is well-established in the Indian market and its communication platform will enable the measurement and control of energy consumption. With demand for electricity growing at an average annual rate of 6%* and utilities needing to reduce transmission and distribution losses, an integrated system approach is fundamental. Together with Cyan, we will be able to provide an end to end solution to the distribution companies, starting from metering to consumer portal and analytics.”

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