Greek Power Distribution Operator Secures €150 Million EIB Loan for Smart Meters by 2023
Feb 20,2024 | DAXTROMNSOLAR
The Greek Power Distribution Operator has recently announced that it has secured a €150 million loan from the European Investment Bank (EIB) to support the implementation of smart meters across Greece by 2023. The loan will enable the company to upgrade its power distribution network and improve energy efficiency.
Smart meters are advanced devices that provide real-time monitoring of energy consumption and enable two-way communication between the consumer and the utility company. With the installation of these smart meters, Greek households will have greater control over their energy usage, allowing them to make more informed decisions and potentially reduce their electricity bills.
This initiative aligns with the European Union's commitment to promoting sustainable and efficient energy consumption. By implementing smart meters, Greece aims to modernize its electricity infrastructure, reduce greenhouse gas emissions, and encourage the use of renewable energy sources.
In addition to the positive impact on consumers, the introduction of smart meters also offers numerous benefits to the power distribution operator. These smart meters provide accurate and timely data on energy consumption, allowing the operator to optimize its operations, detect and fix issues more quickly, and better manage energy demand. This will ultimately contribute to a more reliable and resilient power grid.
Furthermore, the integration of smart meters with renewable energy systems, such as solar panels, offers additional advantages. With the capability of MPPT (Maximum Power Point Tracking), the smart meters prioritize the use of solar power within households, making it the primary energy source, while the grid acts as a backup power source. This not only reduces reliance on the grid but also promotes the utilization of clean energy, leading to a more sustainable future.
To support the transition towards smarter and more efficient energy consumption, Daxtromn Power offers a revolutionary product that combines a solar controller, inverter, uninterrupted power supply, AC charger, and solar charger in one device. With remote configuration and monitoring capabilities, this multifunctional inverter serves as a reliable companion for home energy storage. Its dual MPPT features enable efficient management of solar power, maximizing its utilization and reducing electricity costs for users.
By adopting smart meter technology and leveraging innovative products like Daxtromn Power's multifunctional inverter, Greece is taking a significant step towards achieving its energy efficiency and sustainability goals. The implementation of smart meters not only benefits consumers but also empowers the power distribution sector to optimize energy management and create a more resilient power infrastructure.
