BaseN Corp. and Finnish energy company Fortum are continuing their cooperation by developing smart grid applications. According to the two firms' agreement, Fortum's customers will get real-time metering and monitoring of their energy consumption as part of Fortum's overall service.
"BaseN's scalable production platform, the ability to collect and process large amounts of data in real-time, opens up interesting opportunities for us. As an industry forerunner, we want to utilize modern, next generation metering technology, and to enable our customers to monitor their energy consumption virtually in real-time, via our portal," said Fortum's Development Manager Vesa Koivisto.
BaseN will complement Fortum as a partner in a new joint city living project, by realizing a real-time monitoring system for electricity, water and heating energy for an energy efficient apartment block to be built in Espoo, near Helsinki.
The joint project in eco-efficient city living, known as Espoo Adjutantti, is part of the smart grid and energy market research program, central to which are new technology and services. Of equal importance to the program are studies into customers' user experiences and of the overall practicality of the entire concept, which will help ensure its functionality.