Smart Metering Systems

Name

Smart Metering Systems

Legal name

Smart Metering Systems Limited

Website

https://sms-plc.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Energy Infrastructure & Smart Metering Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Utilities (221), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric, Gas & Sanitary Services (4900), Electric Services (4911)

akta.pro primary industry

Advanced Metering Infrastructure (AMI) & Smart Metering (EUADAPAB)

akta.pro secondary industries

Meter Installation, Exchange & Field Services (EUADAFAF), Advanced Metering Infrastructure (AMI) & Smart Meter Analytics (Meter Data for NRW) (EUANAKAC), Meter-to-Cash / Billing & CIS Integration for AMI (EUADAFAM), Standards, Interoperability & Certification (DLMS/COSEM, ANSI C12, IEEE 2030.5) (EUADAFAO)

Keywords

• Smart metering services
• Energy infrastructure solutions
• Meter asset management
• Energy data services
• Demand flexibility platforms

Headquarters

HQ city

Glasgow

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Metering Services: Revenue from managing over 4 million smart meter assets as accredited Meter Asset Provider (MAP), Meter Operator (MOP), and Meter Asset Manager (MAM). Services include installation, operation, and management for energy suppliers and business customers.
2. Energy Data Services: Data collection, settlement and software solutions for gas and electricity supplies, covering half-hourly (HH) and non-half-hourly (NHH) electricity data needs
3. Flexibility and Grid Services: Revenue from FlexiGrid VPP platform operating distributed energy resources and providing demand flexibility services to National Grid ESO
4. Energy Infrastructure: Design, engineering and project management services for electricity, gas and water utility infrastructure across commercial, industrial and residential sectors
5. Energy Services and Carbon Reduction: Net zero consulting, renewable energy project delivery, energy procurement and optimization, and LED/BEMS retrofit services
6. Battery Energy Storage: Sale of BESS portfolios (completed 460MW portfolio sale to Voltwise Power in June 2025)

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Smart Metering Systems (SMS) is an independent UK energy infrastructure and solutions provider managing over 4 million metering assets on behalf of energy suppliers and business customers. The company delivers integrated services across five pillars: multi-utility infrastructure installation, smart meter asset provision/operation/management (MAP/MOP/MAM), gas and electricity data collection and settlement, net zero and renewable energy project delivery, and flexibility services through its FlexiGrid Virtual Power Plant platform.

Product overview

Smart Metering Systems (SMS) is an independent UK energy infrastructure and solutions provider operating a multi-service platform across the energy value chain. The company manages over 4 million metering assets and offers integrated solutions through five core service pillars: Infrastructure (multi-utility and telecoms network installation), Metering (smart meter installation and management for energy suppliers, businesses, and households), Data (electric and gas data collection, settlement, and analytics via SmartVision), Energy Services (net zero strategy, renewable energy delivery, energy management, and procurement), and Flexibility (FlexiGrid VPP platform and Demand Flexibility Service). The platform is unified by SMS's engineering expertise and asset funding capabilities, enabling end-to-end delivery from infrastructure through to energy optimization.

Differentiator

Problem solved

Functional benefit

Brands

• Metis by SMS: Energy management platform providing energy saving insights for residential and business customers, including the Metis Energy Saver App.

Products and services

• FlexiGrid Cloud-based software platform that communicates with, monitors and controls distributed energy resources (DERs) to create smart, flexible local energy systems, operating as a Virtual Power Plant (VPP). Target users are energy suppliers and energy technology businesses.
• SmartVision Intelligent energy management platform providing clear visibility of entire energy portfolios, turning data into energy saving insights. Target users are energy suppliers and business customers managing large energy estates.
• Demand Flexibility Service End-to-end smart data and aggregation solution enabling energy suppliers and energy technology businesses to participate in National Grid ESO's Demand Flexibility Service.
• Multi-Utility Infrastructure Fully-managed service for installation of electricity, gas, and water infrastructure to commercial, industrial and residential sites. Target users are developers, construction firms, and commercial property owners.
• Telecoms Networks End-to-end power management service for the UK telecoms industry, from feasibility studies and wayleaves through to grid connection and metering services. Target users are telecom network operators.
• Smart Metering for Energy Suppliers Accredited Meter Asset Provider (MAP), Meter Operator (MOP), and Meter Asset Manager (MAM) service delivering smart metering solutions to energy suppliers to meet mandated rollout targets.
• Business Metering Metering services for business energy users and third party intermediaries (TPIs), helping reduce consumption, costs, and carbon emissions.
• Household Smart Meters Smart meter installation and management services for homeowners and tenants, helping cut energy bills and contribute to a greener world.
• Smart Meter Test Centre Smart meter lab facility providing a bank of 200+ live meters for energy suppliers and industry partners, offering assurance, device combination proving, and over-the-air (OTA) testing.
• Training Academy National dual fuel academy delivering accredited gas and electric training and assessment for professionals in domestic and commercial sectors.
• Electric Data Services Comprehensive half-hourly (HH) and non-half-hourly (NHH) electricity data services covering meter operation, data collection, and ongoing energy management for suppliers and businesses.
• Gas Data Services Gas data solutions providing suppliers and business consumers with the data required to cut operational costs and carbon emissions.
• Net Zero Strategy Strategic guidance based on full energy audits to help businesses establish roadmaps to low emissions.
• Renewable Energy Solutions Design, development and delivery of carbon reduction projects and renewable energy solutions, including technology procurement, installation, and asset management.
• Energy Management Expert analysis of business energy data providing bespoke reporting, insights and recommendations on energy costs, consumption, and carbon emissions performance.
• Energy Procurement Optimization of energy strategy and minimization of exposure to risk through energy procurement, bill validation, and treasury services.

Quantifiable outcome

• Up to £3 million annual energy savings per customer (Travelodge LED/BEMS retrofit)
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Horizon Energy Infrastructure (HEI)coreStrategic or Co-development Partner · 29 November 2024SMS announced combination with Horizon Energy Infrastructure to establish a leading UK smart metering infrastructure provider. The merged group will manage over 6 million meters, significantly increasing scale from HEI's 3.5 million current meters.
• Smart Meter Assets (SMA)coreStrategic or Co-development Partner · 29 November 2024SMS announced combination with Smart Meter Assets as part of the merger creating a leading UK smart metering infrastructure provider.
• Alt HAN CocoreStrategic or Co-development PartnerPartnership with Alt HAN Co (collective of UK energy suppliers) testing hybrid wired and wireless radio technologies to provide connectivity for smart meter 'blackspots', potentially benefiting one million British homes.
• Good EnergycoreStrategic or Co-development PartnerPartnership with Good Energy to develop and install the first 3-phase SMETS2 smart meter for the UK market, a significant milestone for the UK's smart meter transition.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Arqiva: UK communications infrastructure operator with a dedicated smart metering communications business serving the Data Communications Company (DCC). Direct peer to SMS in the communications and connectivity layer of the UK smart metering rollout.
• Calisen: UK-focused smart meter asset owner and manager holding MAP/MAM/MOAC accreditations. Directly comparable to SMS in the regulated meter asset financing and management business serving UK energy suppliers.
• Landis+Gyr: Global leading AMI/smart meter vendor and meter data management software provider. Comparable to SMS on the metering, data collection and settlement services that underpin UK smart meter operations.
• Itron: Global AMI and meter data analytics vendor serving electric, gas and water utilities. Direct peer to SMS in the smart metering and meter data management layers of the UK and European utility value chain.
• EDMI (Osaki Electric): Smart metering hardware and AMI solutions provider with strong presence in the UK SMETS2 market. Direct peer to SMS in the supply of smart metering infrastructure for energy suppliers.

Broad incumbents

• National Grid: UK electricity T&D system operator and ESO that runs the Demand Flexibility Service in which SMS participates. Comparable as both a counterparty and adjacent platform for the flexibility and data services SMS sells.
• Schneider Electric: Global energy management and industrial automation incumbent. Comparable to SMS through its EcoStruxure energy management and demand response offerings that overlap with SmartVision and the company's energy services practice.
• Centrica / British Gas: UK energy supplier and energy services incumbent with in-house smart metering operations and Hive smart home platform. Comparable to SMS as both a customer in the MAP/MOP/MAM market and an alternative in-house provider.

Emerging players

• GridBeyond: Demand response and distributed energy resource aggregation platform operating in the UK and Ireland. Comparable to SMS's FlexiGrid VPP and Demand Flexibility Service offerings for National Grid ESO.
• Kaluza: OVO Energy's energy platform business building smart energy management, VPP and EV software. Comparable to SMS's SmartVision and FlexiGrid products in the energy data and flexibility aggregation layer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Smart Metering Systems