Siemens, Accenture join on smart grids, energy efficiency, grid reliability

Accenture and Siemens agreed to form a joint venture in the smart grid field that will work with utilities to improve energy efficiency, grid operations and reliability.

The new company, named Omnetric Group, will provide the energy industry with advanced solutions and services focused on data management and systems integration. These solutions will integrate operational technologies — such as distribution management and real-time grid operations — with IT systems supporting smart metering, energy consumption and work and asset management. 

Omnetric Group will bring together Siemens’ products and solutions; Accenture’s management and technology consulting, systems integration and managed-services capabilities. The companies’ IT and operational technology solutions and extensive experience in the energy industry will help address a range of challenges faced by energy utilities around the world.

Omnetric Group will begin operations pending regulatory approval and other customary closing conditions. The company will be headquartered in Munich, operating initially in Europe and the United States. Omnetric Group plans to employ about 100 people in its first year, with further expansion in the future.

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