CE Electric UK is planning a massive £54 million smart grid project in Yorkshire and the North East in an attempt to lower UK's carbon footprint.
The project will get a go ahead if it receives a funding of £28 million from Ofgem’s Low Carbon Networks Fund.
The company aims to install 14,000 smart grid meters in homes and businesses across Yorkshire and the North East region of England, the area in which CE Electric operates.
CE Electric said in a statement to tech news site eWeek: “If successful, the knowledge gained from the project could speed up the installation of low-carbon technology, potentially saving homes and businesses across the UK around £8 billion in energy costs and 43 million tonnes of CO2 emissions.”
The electricity provider has also proposed that under the project, 800 users will be able to install and use solar PV panels, 150 users trying out electric cars and more than 1500 users testing ground-source or air-source heat pumps.