Bglobal will also provide new data services, delivering recurring revenues of more than £1m per annum.

Bglobal has supplied British Gas Business with smart metering services under a preferred supplier framework contract since July 2006.

The new agreement is a variation to this framework which will guarantee delivery of a fixed programme of meter installations by the end of the current calendar year.

Bglobal has also signed an agreement to deliver end-to-end smart metering services to new electricity market entrant Dual Energy Direct.

Bglobal will supply, install and service its latest generation of smart electricity meters to Dual's business customers in the UK from April 2010 onwards in support of ambitions growth plans.

Bglobal will also supply data collection and analysis services and its web-based energy management software platform.

Chief executive Tony Barnes said: "We have seen a rapid bounce back in the daily installation rate following the disruption brought to our installation operations by the big freeze in December and early January."

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