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Smart Grid Authors: Pat Romanski, Scott Allen, Kevin Benedict

Blog Post

Accenture, Siemens to Offer Energy Sector Smart Grid Tech Support

Products, Services Included in Collaboration

Accenture and Siemens have created a joint venture that will offer information technology products and services to customers in the energy sector for smart grid projects.

Omnetric Group aims to integrate technologies for utilities to manage power distribution, smart metering infrastructure and energy consumption, Accenture said Tuesday.

“Utilities are seeking ways to increase capital effectiveness and reduce their costs of operations while integrating new technologies such as distributed renewable generation and electric vehicles into their electricity networks,” said Jack Azagury, Accenture global managing director of the smart grid services business.

Jan Mrosik, CEO of Siemens’ smart grid division, said the venture will also work to help the energy industry explore new business models and execute a transparent process for energy usage.

Accenture and Siemens will combine their data management, systems integration, consulting and managed service offerings into the venture.

The Munich, Germany-based venture will begin operations in the U.S. and Europe once it secures regulatory approval.

More Stories By Tim Watson

Tim Watson supervises all media production at Executive Mosaic, a digital media company that provides insight, information and analysis on several industries, including government contracting.

He previously produced byline coverage with the economics team at USA Today and evaluated lending proposals for the Overseas Private Investment Corporation.

Tim was born and raised in Washington, DC and holds a bachelor’s degree in Business-Journalism from Washington and Lee University and a certificate in budgeting and finance from Georgetown University's School of Continuing Professional Education.