Proving the Business Case for the Internet of Things

Accenture, Siemens form smart-grid joint venture

Iain Morris
April 15, 2014

Accenture and Siemens have teamed up on a new joint venture aimed at developing smart-grid solutions for utility businesses worldwide.

Called OMNETRIC, the new venture will combine Siemens’ (Munich, Germany) expertise in smart-grid products and solutions with Accenture’s (Dublin, Ireland) experience in management and technology consulting, systems integration and managed services.

The companies say the new organization will provide utilities with a range of advanced smart-grid solutions and services focused on data management and systems integration.

The intention is to help customers improve their energy efficiency, grid operations and reliability.

Accenture and Siemens have indicated that OMNETRIC’s services will integrate operational technologies – like distribution management and real-time grid operations – with IT systems, including meter data management (for supporting smart metering), demand response (for managing energy consumption) and virtual power plants (to enable load management).

The plan is to ensure that utilities can form a complete view of their systems and data and have the means to carry out advanced analysis and decision-making.

The new business will be headquartered in Munich and is to be led by Maikel van Verseveld, who was formerly managing director of Accenture Smart Grid Services in Europe, Africa and Latin America.

Martin Runge, head of the Siemens Smart Grid Center of Competence for Central and Eastern Europe, has been named chief operating officer, while Carsten Speckman – previously head of supply chain management for Siemens Smart Grid – is to become OMNETRIC’s chief financial officer.

Both companies have been increasingly active in the burgeoning smart-grid area in recent weeks.

Earlier this month Accenture secured a contract to manage the smart-grid rollout being carried out in Pennsylvania by utility group FirstEnergy (Akron, OH, USA).

Siemens, meanwhile, struck a strategic alliance with Spain’s Iberdrola (Bilbao) at the start of the year aimed at developing smart-grid services for companies in the Middle East.

The collaboration will see the German and Spanish companies work, in particular, on integrating energy from renewable sources into smart grids.
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