ASB Bank cuts energy costs with a Vodafone M2M smart metering solution.

Case Studies | October 2012

Vodafone Global M2M delivered a comprehensive smart metering solution to ASB Bank, one of the first in the country.

" We knew our power use had been rising and we had been trying to tackle this, but we weren't getting anywhere. With the smart meters we could see the profile of every branch immediately."

Leo de Graaf,
Senior Services Engineer, ASB Bank

Business need

As part of New Zealand’s government schemes to reduce energy consumption among businesses in the country, ASB Bank wanted to install a network of smart meters throughout its offices and branches in order to monitor and control energy consumption. To be effective, it needed an experienced M2M partner, a reliable nationwide communication infrastructure and, with security in mind, a solution that was independent of the bank’s data network.

The Solution

Vodafone Global M2M delivered a comprehensive smart metering solution to ASB Bank, one of the first in the country.

Customer benefits

• In three years, ASB Bank has been able to reduce its energy consumption by 23%, equivalent to NZ$2,650,000 (approximately €1,625,000) over three years
• In terms of CO2 savings, this equates to over 1,000 tonnes per year, equivalent to a person flying from Auckland to Sydney, Australia, and back almost 1,923 times
• Ensures comprehensive coverage capable of handling 400,000 points of data over 200 smart meter connections in offices and branches nationwide
• ASB Bank is now able to monitor energy consumption data in near real-time and make adjustments accordingly