AEC, ICT Europe and Enel to Collaborate on Smart Grid
Today in Saudi Arabia AEC, ICT Europe and Enel signed a joint partner agreement to support the development of smart grid within the Gulf Cooperation Countries (GCC). The collaboration is a response to the Saudi Arabia Kingdom’s plans to embrace smart grid technology. AEC will join their expertise in Electronics with Enel’s utility experience and the financial resources of ICT Europe.
According to AEC, the Memorandum of Understanding (MoU) between themselves, Enel and ICT Europe will help to increase its technical footprint in the GCC (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman).
The regions power distribution companies will benefit from industrial expertise in the energy sector and access to international technologies in areas of smart grids, network automation, smart cities, advance metering infrastructure and distribution management.
AEC said the region could benefit from the efficiency and reliability of smart grid technologies and its ability to integrate with renewable energy sources, such as solar energy. AEC also believes that the potential efficiency gains and power distribution alternatives can also further strengthen the region’s energy security as all GCC currently depend mostly on fossil fuels.