GE-Alstom’s Grid Solutions seeks chunk of smart energy market

GE Alstom JV Grid Solutions
GE Digital Energy has created the joint venture company as part of a strategy to integrate Alstom Grid into the ‘GE family’

In North America, GE Digital Energy and Alstom Grid have launched Grid Solutions – a joint venture company targeted at delivering smart energy services to utilities.

In a company statement, GE described the purpose of Grid Solutions as assisting utilities on a global scale to integrate renewables, upgrade and digitise ageing infrastructure, and improve grid resiliency and energy efficiency.

The joint venture company will be led by former president and CEO of GE Latin America Reinaldo Garcia, Metering & Smart Energy International has learnt.

The moves follows GE winning EU regulatory approval for its €12.4-billion (US$13.9 billion) acquisition of Alstom’s power business, and is the first step in bringing Alstom Power and Grid into the GE family, according to a statement.

Smart energy solutions partnerships

In other joint venture news, US technology company Cisco and Swedish networking company Ericsson this month signed a deal to engage in the joint development of Internet of Things devices and sensors.

The two companies have signed a wide-ranging business and technology deal, which could generate an extra US$1 billion a year in sales for each company.

The deal includes a broad reseller agreement and collaboration in key emerging areas including the Internet of Things.

Meanwhile, in Europe, Belgian energy software developer Enervalis last week engaged in partnership with smart energy solutions provider ABB Benelux for the development of smart grid solutions in the region.

Metering & Smart Energy International reported the partnership will combine the smart energy software developed by Enervalis with ABB Benelux’s hardware to create complete on-site smart grid solutions for new “zero energy” residential districts in Benelux.

The first joint solution is expected to be rolled out in early 2016.

Commenting on the development Stefan Lodeweyckx, founder & CEO of Enervalis, said the smart grid solution will be used to effectively predict when energy is needed, when energy should be stored and where it should be allocated first in the zero energy districts grid, designed to incorporate local renewable energy generation sources.