Telstra has announced a US $100 million deal with Intellihub that will see it providing up to 4.1 million Internet of Things (IoT) SIMs to Intellihub over the next decade.
The Australian IoT major Telstra said this was its “largest ever IoT deal in terms of value and the number of connected devices and will connect Intellihub.”
The IoT SIMs will be incorporated into Intellihub’s smart meters to deliver real-time monitoring and insights to help Intellihub and its customers better manage things like energy demand, solar feed-ins and peaks and troughs.
This solution demonstrates the power of Telstra IoT in finding real-world solutions and will enable Intellihub’s smart meters to get even smarter, providing Intellihub and its customers with deeper, real-time insights to manage the different elements of the energy network.
Intellihub was founded four years ago and has grown with over 1 million meters installed and around 1000 new meters going in every day.
The deal also provides Intellihub with price certainty for the next 10 years – key for its next phase of growth.
Image credit: Telstra