BLU Label Expands into Energy Sector with Trading License and Smart Metering Solutions
BLU Label is transitioning its focus towards electricity, having received a multi-year energy trading license from Nersa for its subsidiary BLU Energy Trading. The company plans to generate renewable energy via solar batteries at substations, partnering with specialized firms. BLU Energy aims to build smaller plants and has secured early power purchase agreements. Additionally, it is introducing a revenue assurance model to help municipalities recover lost electricity revenues. The shift to electricity services has shown significant growth, outpacing traditional offerings.
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BLU Label is pivoting towards the electricity sector, having obtained a multi-year energy trading license from the National Energy Regulator of SA for its subsidiary, BLU Energy Trading. The company intends to produce renewable energy through solar batteries at substations, directly supplying municipalities.
BLU Energy plans to construct 10MW-40MW plants and has initiated early power purchase agreements. The subsidiary's revenue assurance model aims to help municipalities recover an estimated 30% of stolen electricity. BLU's focus on electricity services has led to growth surpassing traditional prepaid products, with a 40% increase in its universal voucher sales over the past two years.
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