Vector Metering started as a subsidiary of Meridian Energy. Launched in 2003, operating under the business name; Arc Innovations. It was established to develop and deploy electricity meters using advanced meter infrastructure. In 2014, Vector Limited was granted clearance to buy Arc Innovations from the Commerce Commission from Meridian Energy with the sale completed for an undisclosed price on 1 December 2014. As of 2022, & subject to commerce commission approval, Vector has sold 50% of Vector Metering to Queensland Investment Centre (QIC) for 1.7B. Arc Innovations was the first company to introduce Smart Meters in New Zealand, rolling out the country’s pilot Smart Meter program in Central Hawkes Bay in 2005. Arc Innovation’s smart meter network relies on a mix of GPRS, RF Mesh network and satellite for the meter’s two-way communication. More information...
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