November 4, 2014
Schneider Electric and Awesense Inc. today announced the signing of an agreement to commercialize complementary offers to reduce network losses in electricity distribution grids. Under the terms of the deal, the two firms said in a release they will design and propose integrated offerings that “will enable utilities to reduce ongoing grid losses and recover lost revenue, helping them achieve more reliable and profitable distribution grids.
Awesense develops products and software for increased grid efficiency by identifying losses, reducing risk of overloads, leveraging data from assets and reducing revenue recovery time from metering errors or electricity theft.
Schneider Electric develops, manufactures and sells electrical distribution, critical power supply and control equipment as well as network automation and grid management software, enabling its utility customers to operate reliable, secure and efficient networks.