Schneider Electric and Awesense Inc. To Develop Joint Offers to Reduce Distribution Network Losses
Schneider Electric and Awesense Inc. have signed an agreement to commercialize complementary offers to reduce network losses in electricity distribution grids. Under the terms of this agreement, Schneider Electric and Awesense Inc. will combine their expertise to design and propose integrated solutions which will enable utilities to reduce ongoing grid losses and recover lost revenue, helping them achieve more reliable and profitable distribution grids.
“ Utilities lose over $200B each year to distribution losses, which has an enormous impact on the environment and the economic performance of power companies everywhere,” says Mischa Steiner-Jovic, CEO of Awesense Inc.
Awesense Inc. 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.
This agreement will enable Schneider Electric to integrate and sell Awesense’s True Grid Intelligence (TGI) cloud software and line sensors, as well as associated engineering and technical services. This solution identifies losses on all grid topologies with overhead or underground conductors.
