Paris, November 19, 2014: Avantha Group Company CG will be opening a new facility in Grenoble, France to produce, test and calibrate over 2 million ZIV smart meters per year. CG has chosen Grenoble to open this new facility, so as to cover the demand for Linky meters in France, and thereby provide local support to ERDF. The company recently won an order from ERDF to participate in the supply of three million Linky smart meters, in the first phase of its 35 million unit rollout plan for 2021.
This facility will house the Centre of Excellence for G3-PLC technology, be fully equipped to manufacture ZIV single and three phase Linky G1 and G3 meters, and will be ready to produce the first units by the second quarter of 2015. CG will also contribute to the creation of sustainable local employment, as this centre will make available, around 200 direct and indirect jobs in the area, once full production capacity is reached.
The Grenoble manufacturing facility, together with the existing facilities in Spain, will enable CG to face new challenges from large-scale deployments in France, UK, Spain, the Netherlands and other countries in the area with greater agility. Europe`s smart metering market is expected to grow sharply and hit 180 million units by 2020. The overall Distribution Automation market in Europe is expected to reach over 800 M$ by 2018.
CG, after acquiring ZIV, has become a key provider of smart meters and an important player in the global smart grid market where it offers ZIV meters, data concentrator units (DCUs) and distribution automation solutions (DAS).
Ms Muriel PENICAUD, Chairman & CEO of the Invest in France Agency (AFII) said, "I am glad our Paris and New Delhi teams supported CG in their investment program. CG`s smart grid project in Grenoble is of strategic scale, it further endorses the expertise of France in the electric field. France ranks second worldwide for the quality of its electricity, availability and access. It also highlights the attractiveness of the French territory for collaborative, innovative and industrial projects, and places France as a ‘hub` for exports in the Euromed region."
Avantha Group Company CG`s CEO and Managing Director Laurent Demortier said: "We are pleased to be setting up this new world-class facility in Grenoble, a country known for its outstanding technological and academic environment. This significant stride is perfectly in keeping with CG`s ambitious plans of further developing the Linky program. The challenges ahead notwithstanding, we remain focused on making the smart grid a tangible reality by providing solutions born from innovation. In keeping with this aim, Grenoble serves as the best choice in providing high-level technology and flexible solutions as a first-class supplier of G3-PLC based products."
Avantha Group Company CG is a global leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation, and Consumer. CG clocks US$ 2.3 billion in revenues from product lines that cover the entire value chain of engineering offerings.