Apraava Energy secures $92 million from BII, Standard Chartered to install smart meters in India
Standard Chartered and British International Investment’s (BII) financing will enable Apraava to install around two million smart meters in homes and businesses. The smart meters will help make India’s grid more efficient, reliable, and sustainable by enabling better integration of renewable energy sources and reducing aggregate technical and commercial losses.
Why smart metering is the unsung hero of India’s solar push
At their core, smart meters are data engines. They provide utilities with visibility into how, when and where electricity is consumed. That granular knowledge allows grid operators to forecast demand more accurately, balance loads and absorb greater volumes of variable solar generation. Without it, the grid risks becoming brittle, prone to blackouts when clouds pass over solar farms or demand surges unexpectedly.
