Dive Summary:

• Landis+Gyr will supply nearly 16 million smart meters for U.K. homes in a new deal announced by British Gas on Monday.
• The deal, which is worth 600 million pounds ($950 million), comes as the British government seeks to replace existing gas and electricity meters with digital smart options by 2020.
• The announcement indicated that Switzerland-based, Toshiba-owned Landis+Gyr could double the size of its British workforce from 600 to 1,200 employees as a result of the deal.

Dive Insight:

The size of Landis+Gyr's new metering deal with British Gas would make it the largest of its kind in the world, Greentech Media reports. The British government has set steep goals for itself as its seeks to get 80% of its homes using smart meters by the end of the decade.