in News Departments > New & Noteworthy
print the content item

Toshiba Corp. has acquired a 76% interest in cyberGRID GmbH, an Austrian developer and provider of virtual power plant (VPP) solutions.

Toshiba says the purchase makes cyberGRID a subsidiary, positioned to enhance Toshiba Group's smart community business in Europe, where progress in introducing renewable energy is driving a need for power management technology. Toshiba notes past strategic acquisitions include Consert Inc., a U.S.-based energy management company, and smart meter company Landis+Gyr.

"cyberGRID's cutting-edge VPP business and technology will be a key solution for Toshiba's smart community,” says Toshiba’s Ryuji Maruyama. “ It overarches energy efficiency facilities on the demand side and smart grid components on the supply side. When integrated with Landis+Gyr's smart metering solution, it gives utilities the ability to develop advanced services for consumers.”



Hse SandyHook
Latest Top Stories

Does Income Determine Who Benefits The Most From Smart Grids?

According to the Smart Grid Consumer Collaborative, low-income consumers may be at a disadvantage.


Accenture And Siemens Form Smart Grid Joint Venture

OMNETRIC Group will help utilities improve energy efficiency, grid operations and reliability.


Maine Public Utilities Commission: Smart Meters Are Safe

According to a report by the commission, there is no direct link between smart meters and health issues.


Report: Global Solar Deployment Topped Wind In 2013

Research firm Clean Edge finds that solar surpassed wind for the first time since it began tracking international markets in 2000.


HEM Is Key For Utilities To Maintain A Competitive Edge

According to a report by Lux Research, automated meters, electricity rates and renewable energy are crucial to the success of home energy management.

S&C Electric_id176
edf_id