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The purchase of GGES also comprises a meter asset management agreement, under which Energy Assets will become the primary meter asset manager for Gazprom Energy's UK portfolio.
It undertakes the installation of a wide range of metering works and is an Ofgem-approved Meter Asset Manager.
According to Tim Hennessy, Meter Asset Manager for ESB Networks, the ION system is expected to help safeguard Ireland's national electricity grid by immediately identifying potentially disruptive conditions before they can cause problems.