Siemens and Accenture formed Omnetric Group, a joint venture in the smart grid field to develop solutions and services that allow utilities to improve efficiency and achieve greater supply security. Its business operations will focus initially on Europe and the U.S., with further global expansion planned in the future. Omnetric Group will focus on solutions and services for system integration and management of the growing volume of data created as part of power grid operation.
Shaping system transformation.
New technologies—and new expectations—require taking a fresh look at the institutions and practices that have provided reliable electricity for the past century. Collective action is needed to define the key attributes of a future grid and then to take the more difficult next step—adapting our processes and institutions to align with that future vision. A thoughtful approach will allow America to capture the potential value that’s offered by sweeping changes in technologies and policies.
Has restructuring succeeded on either continent?
The era of polemics about electric competition is nearly over. It’s time to compare the relative performance of competition and traditional regulation as these two established models operate side-by-side.