British Gas has announced that it has acquired a stake in AlertMe, the Cambridge(UK)-based company that provides home energy management solutions.
British Gas paid £5.7m for the 16% stake, which gives the company a seat on AlertMe’s Board. It means that British Gas customers will also have access to AlertMe’s new products, particularly the Home Area Network (HAN) platform, which gives users the ability to control a wide range of home activities and appliances over the internet.
In April British Gas announced plans to accelerate the roll-out of its smart meter programme and install two million smart meters by 2012. At the time the company gave a list of the companies it would be working with; mobile phone company Vodafone; wireless network supplier Zigbee; SAP for the billing software; smart meter software and communications firms OSIsoft and Trilliant; and smart meter manufacturer Landis+Gyr. AlertMe looks like the final piece in the jigsaw, at least for now.