Striving for the carbon-neutral Iceland
Iceland was one of Europe’s first countries to adopt a carbon-neutral mindset. The Iskraemeco solution will facilitate Iceland utility to transform its electricity, heat and water networks into a smart and sustainable grid that will be prepared for future technologies and challenges.
Quick facts

CUSTOMER: VEITUR

PRODUCTS: ELECTRICITY, HEAT AND WATER SMART METERS 

COMMUNICATION: NB-IoT and WIRELESS-MBUS COMMUNICATION

TIMEFRAME: 2022-2025

CARBON-NEUTRAL BY 2040?

Iceland is one of the front-runners when it comes to utilizing renewable resources for electricity and heat. Their strategy is to become carbon-neutral by the year 2040.

Reykjavik, the capital of Iceland, is already one of the world´s most sustainable cities but seeks to reduce its carbon emissions even further.

A CUTTING EDGE PROJECT FOR A SMART AND DIGITAL FUTURE

Iskraemeco and Veitur combining their knowledge is an important piece of the puzzle in Iceland’s strategy to become carbon neutral by the year 2040.

Iskraemeco’s solution will enable Veitur, Iceland’s utility company, to achieve greater efficiency of its operations through digitalization and to develop its services towards a smarter future.

By delivering an integrated solution of electricity, heat and water meters based on NB-IoT and wireless-Mbus communication, Iskraemeco is set to support Iceland’s ambitions regarding sustainability

MINIMIZING THE TOTAL COST OF OWNERSHIP

Iskraemeco’s energy IoT solution was designed in line with Veitur’s rigorous tender requirements to minimize the total cost of ownership. Its goal is to deliver innovative solutions to enable remote management of metering points and manage services across Veitur’s service area.

The modularity of Iskraemeco meters gives Veitur invaluable flexibility in its smart metering deployments and enables a simple exchange of communications modules, which is one of the basic components of smart and future-proof investments. When the solution is deployed, customers will be able to manage their energy consumption better and improve their energy efficiency.

SHARED OBJECTIVES

The signing of the contract clearly demonstrates the future-oriented stance of both companies that have agreed on the following:

  1. Commitment to a smart and digital future.
  2. Increased sustainability.
  3. Development of an integrated solution connecting electricity, heat and water meters.
  4. Efficient and smart customer services.
  5. Long-term partnership.