in News Departments > Projects & Contracts
print the content item

Advanced Electronics Co. (AEC); Enel; and ICT Europe, a merchant co-development bank, have signed a memorandum of understanding (MOU) aimed at smart grid development within the Saudi Arabia Kingdom and the Gulf Cooperation Countries, namely Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman.

AEC says this MOU will help the company increase its technical footprint in the regional power distribution companies while enabling them to benefit from Enel's industrial experience in the energy sector.

“It is an important step in the context of expanding our value chain across the region. By joining forces with ICT Europe and Enel, we will significantly advance our smart grid solutions,” says Ghassan Al-Shibl, president and CEO of AEC.




Hybrid Energy Innovations

Hybrid Energy Innovations 2015
Latest Top Stories

Two Years After Superstorm Sandy, Utilities Highlight Grid Efforts

As the U.S. reflects on the monster hurricane that struck in October 2012, utilities note what they have done to help protect against future severe weather.


USDA Invests $1.4 Billion To Boost Rural Grids Around The Country

The U.S. Department of Agriculture (USDA) has announced more loan guarantees for rural power companies and renewable energy firms in 21 states.


SPP Raises Concerns About EPA's Proposed Clean Power Plan

Stakeholders around the U.S. are mulling over the Environmental Protection Agency's blueprint to cut emissions from existing power plants. The Southwest Power Pool has released its assessment of the plan.


Comverge, Constellation To Merge Demand Response Businesses

The two companies have announced a deal to combine their DR operations serving commercial and industrial customers and establish a new, standalone entity.


Grid-Scale Energy Storage Continues Making Inroads

A new report from Navigant Research highlights the biggest markets and most popular technologies for grid-scale energy storage.

S&C Electric_id176
edf_id180