Siemens to expand smart grid business with new JV

2 Mar 27 Feb, 2017

Siemens has signed a new joint venture agreement with German decentralised power expert Allgäuer Überlandwerk (AUW) to expand on its existing smart grid business. The deal, signed last week, will see Siemens acquire a 49% stake in AUW’s egrid applications and consulting subsidiary on the back of its contribution to two formative studies focused on incorporating renewables into local energy networks in Germany. Once complete, the JV will provide consultancy services for distribution grid operations on top of its existing offerings which the companies said focus on ‘intelligence instead of copper’ solutions.

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