Along with Sensus, Arqiva will implement a radio-based communications platform in the region.

Sensus Chairman Lou D’Ambrosio said that the company is delighted to serve Great Britain with clean technology that will conserve resources, reduce energy costs and lower CO2 emissions.

"With 16 million FlexNet endpoints already in operation in the US, Sensus technology is driving operational and economic efficiencies for electric, gas and water utilities — and we will continue to deliver benefits to customers around the globe," Ambrosio added.

The FlexNet technology, which is based on open standards and supports IPv6 communication, will be connected to 16 million of smart meters in the region.

Navigant Research Director Bob Lockhart said Great Britain’s smart metering project is expected to produce benefits reaching $11 billion.

"The program will be closely watched by every country currently considering or in the early stages of implementing a smart network," Lockhart added.

"For the selected vendors, this latest opportunity is a catalyst for reaching other global markets."