British energy and services company Centrica has partnered with SAP to deliver insights and connectivity through the Internet of Things (IoT).
According to a release, the partnership between Centrica and Germany-based enterprise-application software provider, SAP, follows SAP's contract with Accenture last month to jointly develop state-of-the-art digital solutions.
The release adds that through their partnership, Centrica and SAP will leverage Panoramic Power energy insights technology from Centrica's Distributed Energy and Power business and SAP Leonardo - the company's digital innovation system.
The collaboration will enable business customers to optimize digital asset management and energy consumption. SAP Leonardo IoT capabilities connect production systems and assets with manufacturing and maintenance business processes, enabling companies to track, monitor, analyze and maintain fixed assets, as well as slash operational and maintenance cost, and increase uptime of assets.
SAP and Centrica will also look into other additional benefits in energy efficiency, optimization, compliance initiatives and machine learning. The companies also intend to explore additional benefits in optimization, energy efficiency, compliance initiatives and machine learning opportunities, and will also focus on developing energy IoT solutions for commercial and industrial customers.
SAP said that it is serious about creating a solid foothold in the IoT space, which was emphasized by its intention to invest a whopping $2.2 billion to expand the IoT portfolio.
Centrica demand side response
In other Centrica news, the Crown Commercial Service has named the energy and services company as a supplier on its demand side response framework.
The Crown Commercial Service (CCS) is an executive agency and trading fund of the Cabinet Office of the UK Government. The CCS is responsible for improving government commercial and procurement activity.
The CSS' demand response framework is designed to financially incentivise customers to lower or shift their electricity use at peak times.
The three-year framework agreement names Centrica as one of six suppliers of demand side response services that could help large energy users such as hospitals to access new revenue streams while supporting grid stability. Read more...