A memorandum of understanding has been entered into between the Smart Grid Division of Siemens and the Spanish utility Iberdrola with the goal to negotiate a contract for a strategic alliance to develop smart grid technologies and other smart energy and water technologies for the Middle East.
Areas in which the partners hope to cooperate include the integration of energy from renewable sources such as the sun and wind into smart grids. In addition, the parties intend to develop demand response management systems, and they plan to cooperate in monitoring and controlling of the distribution grids.
“Through this unique alliance, we will combine our expertise as a technology leader in the energy industry with the experience of one of the most important utilities worldwide,” explained said Jan Mrosik, CEO of the Smart Grid Division of Siemens. “This gives us the opportunity to understand our customers’ requirements even better.”
Augustin Delgado, Innovation, Environment and Quality director at Iberdrola, added: “This alliance is an extraordinary opportunity to introduce successful technological transfer projects to the region, while adding value for customers through the proven experience of two leaders in their respective sectors, such as Siemens and Iberdrola.”
Neither company is a stranger to the Middle East. In Qatar Siemens is supplying a 17,000 point turnkey smart metering solution to the state-owned electricity company Kahramaa. In late 2012 Iberdrola was commissioned by Kahramaa to conduct a feasibility study on the implementation of a smart grid system.