Expansion of Connected Home business into Italy

RNS Number : 3486W

Centrica PLC

14 November 2017

 

14 November 2017

Centrica plc

("Centrica" or 'the Company')

Centrica plc today announces a significant expansion of its Connected Home business into Italy.

Centrica has signed a five-year partnership arrangement with Eni gas e luce, a leader in the Italian retail energy market with 8 million customers.

The partnership with Eni gas e luce is an important milestone in Centrica Connected Home's plan to expand its footprint into new geographies. The Hive portfolio of products and solutions for the home is already available in the UK, Ireland and North America. Thanks to this partnership, Eni gas e luce and Centrica will now develop the connected home market together in Italy.

The Hive product range is all controllable from the award-winning Hive app and includes the Hive smart thermostat which enables customers to manage their heating and hot water remotely. The full Hive range including the thermostat, smart lights, door and window sensors and smart plugs will be available to Italian consumers from 20^th November.

Nina Bhatia, Managing Director of Centrica Connected Home, said:  

"Strategic partnerships are going to be increasingly important to the growth of Centrica Connected Home. We are delighted to announce we are working together with Eni gas e luce to bring millions of new customers our Hive range of products and solutions.

"Through our customer knowledge, insight and experience, we understand that people want more from their energy and services provider - they want to be in control of how they run their home. Our products and services enable customers to automate their homes, manage their energy and get peace of mind.

"This announcement marks the start of the expansion of Hive into Italy and other new markets during 2018."  

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Contacts 

Media enquiries: 

Claire de Silva

[e-mail]

[phone] (UK)

Investor relations:

 [phone] 

The Hive experience and Centrica Connected Home  

The Hive smart home experience is focused on making everyday life a little easier, freeing people up to spend time doing the things they love. Through subscription-based plans, which include a mix of software, products and services, the Hive experience is designed to offer affordable, easy to use solutions, tailored around specific use cases to help make a difference in people's lives. The team behind the Hive brand is Centrica Connected Home, part of Centrica Consumer. Parent company Centrica plc plans to invest £500m in Connected Home by 2020; this includes taking the Hive smart home experience multi-market.  

Centrica plc

Centrica plc is an international energy and services company organised around two global customer-facing divisions, Centrica Consumer and Centrica Business, focused on the residential consumer and the business customer respectively. Centrica's areas of focus for growth are Energy Supply & Services, Connected Home, Distributed Energy & Power and Energy Marketing & Trading.  Centrica develops new and innovative products and services for customers globally and supplies more than 27 million customer accounts mainly in the UK, Ireland and North America through strong brands such as British Gas, Hive, Direct Energy and Bord Gáis Energy, supported by around 12,000 engineers and technicians.

Centrica plc is listed on the London Stock Exchange (CNA)
Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD

Registered in England & Wales number: 3033654
Legal Entity Identifier number: E26EDV109X6EEPBKVH76
ISIN number: GB00B033F229

 

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