GE agrees with Glen Dimplex to deliver smart grid solutions to Europe

Southampton, England, October 22, 2010 – GE and Glen Dimplex, a European home heating and appliance company, have signed a joint development agreement to help accelerate the availability of smart grid technologies for European homes.

As part of the agreement, Glen Dimplex is exploring how to integrate GE‘s smart grid-enabled Brillion home energy management technologies into its home heating products to help European consumers better manage their electricity usage and costs.

The EU has set a target date of 2020 to reduce its greenhouse gas emissions by 20 percent, increase its efficiency by 20 percent, and generate 20 percent of its energy from renewable energy sources.

Smart grid technologies – including smart meters on homes – will help utilities manage energy demand, improve efficiency and integrate renewable power.

To help manage demand without building additional power plants, utilities are estimated to install more than 110 million smart meters on EU homes by 2015.

Among other benefits, smart meters will enable utilities to send price signals to HEM technologies, which have the capability of automatically lowering or deferring the electrical consumption of certain home appliances when electricity rates and energy demand are highest – without inconveniencing the customer.

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