Energy-management specialist Alstom Grid (Paris, France) and electronics company Toshiba (Tokyo, Japan) have signed a memorandum of understanding (MoU) under which they will discuss a partnership in the smart grid business.
The companies say they want to look at ways in which they can combine their capabilities in smart grid technology. The ultimate goal, they say, is to develop a range of electricity management solutions that can be used in a variety of settings.
The organisations believe they have largely complementary skills and assets. Alstom Grid provides end-to-end transmission and distribution equipment, as well as systems to help balance power generation and energy demand, while Toshiba’s strengths lie in customer-point power distribution equipment.
The Japanese manufacturer’s product line-up also includes smart meters and advanced storage batteries.
Alstom and Toshiba reckon their collaboration could give rise to systems that support the integration of renewable energy sources into the grid, helping to reduce the cost of power.
The companies say they will also consider how best to promote the smart grid business globally.