Siemens Pushes for Grid Expansion with Joint Venture

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Siemens and Allgäuer Überlandwerk GmbH (AÜW), based in Kempten, Germany, have formed a joint venture named egrid to commercially implement the results from IRENE and IREN2, two joint smart grid research projects in Wildpoldsried.

It was agreed that Siemens would acquire a 49-percent share in the AÜW subsidiary, egrid applications & consulting GmbH. The transaction is subject to clearance by the competent competition authorities. The joint venture will offer innovative consulting services for distribution grid operators and will continue to refine existing offers. The joint venture's consulting services will focus on "intelligence instead of copper" solutions for smart grid expansion. The primary action areas will be the integration of large capacities... ... More: Official Press Release Siemens

Keywords:

Siemens, Allgäuer Überlandwerk, Joint Venture, smart grid, grid expansion