Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Siemens and Accenture to form smart grid joint venture to enable more efficient Network operation and greater supply security

15.10.2013
• Omnetric Group will combine both companies' complementary expertise in operational and information technology
• Munich will be its headquarters
• It will initially operate in Europe and the U.S.

Siemens and Accenture have agreed to form a joint venture in the smart grid field. Named Omnetric Group, it will develop solutions and services that allow utilities to improve efficiency and achieve greater supply security. The company will be headquartered in Munich and will employ approximately 100 people in its first year.

Its business operations will focus initially on Europe and the U.S., with further global expansion planned in the future. Siemens and Accenture have agreed not to disclose financial details of the agreement on Omnetric Group. Omnetric Group will focus on solutions and services for system integration and management of the growing volume of data created as part of power grid operation. These offerings will enable utilities to integrate operational technologies (OT), such as real-time grid management, with information technologies (IT) like smart metering.

Omnetric Group will combine Siemens products and solutions with Accenture's expertise in consulting, system integration and operating solutions (managed services). The IT and OT solutions are also complemented by both companies' extensive experience in the power industry. "By bringing together the experience of both Siemens and Accenture, Omnetric Group will be a strong and agile company that will meet the needs of a fast-changing market," said Jan Mrosik, CEO of Siemens' Smart Grid Division.

The solutions and services that the new company will provide will address a host of the challenges that energy utilities are facing today. In Europe, for example, the rapid rise of distributed power generation is putting pressure on energy prices and threatening energy utilities' business models. At the same time, this growing influx of intermittent power from renewable sources jeopardizes the stability of the grid. In North America, an aging infrastructure and higher frequency of natural disasters are threatening supply security.

"Utilities can improve overall grid reliability and bridge the gap to real-time grid control through integration and implementation of new and previously isolated grid applications," said Mrosik. Demand response solutions can be used to actively manage consumption, for example. Virtual power plants enable new profitable business models, and meter data management makes usage transparent for consumers and permits energy-efficient consumption. "We believe this integration could not be done better than by a company that combines Siemens' industry knowhow and Accenture's complementary IT experience."

Jack Azagury, Global Managing Director for Accenture's Smart Grid Services, said: "Utilities are seeking ways to increase capital effectiveness and reduce their costs of operations, while integrating an increasing amount of distributed renewable generation and electric vehicles into their electricity networks. Doing so requires an view of systems and data through the integration of traditional IT solutions with the operational solutions required to manage the grid. Omnetric Group will be excellently positioned to help utilities realize the benefits of this IT and OT 'convergence', which is a critical step toward managing an increasingly complex and data-driven utility."

Omnetric Group will begin operations pending regulatory approval and other closing conditions.

Contact for journalists:

Siemens AG
Media Relations
Uta Apel
telephone: +49 89 636 31809
E-mail: uta.apel@siemens.com
Accenture
Media Relations
Allen Valahu
telephone: +33 1 53 2357 54
E-mail: allen.valahu@accenture.com
Follow us on Twitter: www.twitter.com/siemens_sg
The Siemens Infrastructure & Cities Sector (Munich, Germany), with approximately 90,000 employees, focuses on sustainable technologies for metropolitan areas and their infrastructures. Its offering includes products, systems and solutions for intelligent traffic management, rail-bound transportation, smart grids, power distribution, energy efficient buildings, and safety and security. The Sector comprises the divisions Building Technologies, Low and Medium Voltage, Mobility and Logistics, Rail Systems and Smart Grid. For more information, visit http://www.siemens.com/infrastructure-cities

Accenture is a global management consulting, technology services and outsourcing company, with approximately 275,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$28.6 billion for the fiscal year ended Aug. 31, 2013. For more information, visit www.accenture.com

Uta Apel | Siemens Infrastructure
Further information:
http://www.siemens.com/infrastructure-cities
http://www.accenture.com

More articles from Power and Electrical Engineering:

nachricht Silicon solar cell of ISFH yields 25% efficiency with passivating POLO contacts
08.12.2016 | Institut für Solarenergieforschung GmbH

nachricht Robot on demand: Mobile machining of aircraft components with high precision
06.12.2016 | Fraunhofer IFAM

All articles from Power and Electrical Engineering >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Significantly more productivity in USP lasers

In recent years, lasers with ultrashort pulses (USP) down to the femtosecond range have become established on an industrial scale. They could advance some applications with the much-lauded “cold ablation” – if that meant they would then achieve more throughput. A new generation of process engineering that will address this issue in particular will be discussed at the “4th UKP Workshop – Ultrafast Laser Technology” in April 2017.

Even back in the 1990s, scientists were comparing materials processing with nanosecond, picosecond and femtosesecond pulses. The result was surprising:...

Im Focus: Shape matters when light meets atom

Mapping the interaction of a single atom with a single photon may inform design of quantum devices

Have you ever wondered how you see the world? Vision is about photons of light, which are packets of energy, interacting with the atoms or molecules in what...

Im Focus: Novel silicon etching technique crafts 3-D gradient refractive index micro-optics

A multi-institutional research collaboration has created a novel approach for fabricating three-dimensional micro-optics through the shape-defined formation of porous silicon (PSi), with broad impacts in integrated optoelectronics, imaging, and photovoltaics.

Working with colleagues at Stanford and The Dow Chemical Company, researchers at the University of Illinois at Urbana-Champaign fabricated 3-D birefringent...

Im Focus: Quantum Particles Form Droplets

In experiments with magnetic atoms conducted at extremely low temperatures, scientists have demonstrated a unique phase of matter: The atoms form a new type of quantum liquid or quantum droplet state. These so called quantum droplets may preserve their form in absence of external confinement because of quantum effects. The joint team of experimental physicists from Innsbruck and theoretical physicists from Hannover report on their findings in the journal Physical Review X.

“Our Quantum droplets are in the gas phase but they still drop like a rock,” explains experimental physicist Francesca Ferlaino when talking about the...

Im Focus: MADMAX: Max Planck Institute for Physics takes up axion research

The Max Planck Institute for Physics (MPP) is opening up a new research field. A workshop from November 21 - 22, 2016 will mark the start of activities for an innovative axion experiment. Axions are still only purely hypothetical particles. Their detection could solve two fundamental problems in particle physics: What dark matter consists of and why it has not yet been possible to directly observe a CP violation for the strong interaction.

The “MADMAX” project is the MPP’s commitment to axion research. Axions are so far only a theoretical prediction and are difficult to detect: on the one hand,...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

ICTM Conference 2017: Production technology for turbomachine manufacturing of the future

16.11.2016 | Event News

Innovation Day Laser Technology – Laser Additive Manufacturing

01.11.2016 | Event News

#IC2S2: When Social Science meets Computer Science - GESIS will host the IC2S2 conference 2017

14.10.2016 | Event News

 
Latest News

Closing the carbon loop

08.12.2016 | Life Sciences

Applicability of dynamic facilitation theory to binary hard disk systems

08.12.2016 | Physics and Astronomy

Scientists track chemical and structural evolution of catalytic nanoparticles in 3-D

08.12.2016 | Materials Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>