Alstom Grid and Toshiba Corp. have signed a memorandum of understanding (MOU) under which they will discuss a complementary partnership in the smart grid business.
Under the MOU, the two companies will investigate cooperation and comprehensive collaboration, drawing on their respective capabilities in smart grid technologies and know-how. The companies say the goal is to realize wide-ranging electricity-management solutions that can be applied in diverse regions and environments to achieve consistent outcomes and support secure energy supply.
Through this collaboration, Alstom Grid and Toshiba expect to develop systems that support wide-scale integration of renewable energy sources into the grid and help to bring down the cost of power. They will also consider how best to promote the smart grid business globally.
