(PRWEB) November 14, 2012
Telvent GIT, S.A., a leading real-time IT solutions and information provider for a sustainable world, announced today it has been selected to participate in the Smart Grid Gotland project, a large-scale, pioneer smart grid technology demonstration project in a rural area of Gotland, Sweden, partly financed by the Swedish Energy Agency. The project is expected to carry out research and development in fields that will affect the quality of electricity supply, as well as market application for integration of renewable sources.
The project, with a proposed budget of 25 million euros ($32 million), will demonstrate how new smart grid technologies can improve the electrical quality of large rural grids by utilizing large quantities of distributed power generation and advanced load management strategies. Telvent’s smart meter technology will be used to greatly increase the involvement of the end-customer in the management of their electricity use, providing them an opportunity to reduce their energy costs through informed decisions and improving access to cheaper power from renewable sources.
“Gotland's electrical grid already receives a large portion of its electricity from renewable sources. We are hopeful the project and expected results can be easily scaled up and used in other parts of Sweden, or internationally,” says Håkan Gustavsson, project manager for Vattenfall, a partner on the project.
The demonstration will provide new levels in understanding of how Telvent smart grid solutions can be utilized to improve the planning, operation and maintenance of the grid, resulting in an even greater capacity to assist utilities in cutting operational costs and improving service levels.
According to Telvent's Chairman and CEO, Ignacio Gonzalez, “Telvent is proud to be a part of the ground breaking Smart Grid Gotland project. Our strong standing in Scandinavia and our industry leading solutions have positioned us to be on the forefront of smart grid development both in this region and throughout the world.”
The Smart Grid Gotland project is scheduled to begin in the fall of 2012 and run until 2015. It is a collaboration between a number of entities, including Telvent, Vattenfall, Gotland Energy, ABB, the Swedish National Grid, and the Royal Institute of Technology.
Telvent is a global IT solutions and business information services provider dedicated to helping improve efficiency, safety and security for the world’s leading companies. Telvent serves markets that are critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors. http://www.telvent.com
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in Utilities & Infrastructures, Industries & Machine Manufacturers, Non-residential Buildings, Data Centres & Networks and in Residential. Focused on making energy safe, reliable, efficient, productive and green, the Group’s 130,000 plus employees achieved sales of 22.4 billion euros in 2011, through an active commitment to help individuals and organizations make the most of their energy.