NEC Corporation, SMUD and SpaceTime Insight have
announced a new co-innovation business model and started offering
smart energy solutions for electric power companies.
NEC, SMUD and SpaceTime began their partnership(1) in 2015. To
date, the three companies have been collaborating in co-innovation,
development and commercialization of smart energy technologies and
services targeting electric customers in Japan, Asia Pacific and
the US market. The partnership relies on the unique combination of
NEC's advanced technology capabilities and vast business experience
in IT system development for Japanese electric power companies;
SMUD's industry-leading expertise in public power electric utility
operations, customer service, innovation and environmental
leadership; and SpaceTime's analytics and visualization application
package, which has been successfully implemented by major electric
power companies in North America.
In its first stage, the partnership will offer electric power
providers in Japan an advanced asset analytics solution that will
enable power providers to achieve higher levels of operational
efficiency. Additionally, the partnership will offer emerging
retail energy providers bundled smart energy products, services and
solutions that give customers more control over their energy use
and more opportunities to save money.
In later stages, the partnership will provide services to
businesses in APAC and other global markets. The three companies
will collaborate on the development of new technologies that are
expected to drive multiple operational efficiencies and optimize
business model transformations for electric power companies
throughout the world.
"By combining the technology and expertise of leaders in three
industries, we're providing a suite of solutions that will
immediately be best in class," said SMUD CEO and General Manager
Arlen Orchard. "We're confident this new partnership will provide a
very valuable service to electric power providers throughout the
world."
"Machine learning and advanced analytics, driven by the data
supplied by IoT applications, are changing the way industries run
their operations," said Rob Schilling, CEO of SpaceTime Insight.
"Our analytics, informed by SMUD's deep experience and embedded in
NEC solutions, will drive the next generation of solutions for the
global utility sector."
"Through this innovative partnership, combining NEC's advanced ICT
technology, SMUD's energy business know-how and SpaceTime's proven
analytic and visualization application, NEC can provide new smart
energy solutions for electric power companies and realize our
vision of creating new social value," said Kazuhiro Takada,
Executive Vice President of NEC.
http://www.acnnewswire.com/topimg/Low_NECSMUD8717.jpg
(From left) SMUD, CEO and General Manager, Arlen Orchard, Kazuhiro
Takada, Executive Vice President of NEC, SpaceTime, CEO, Rob
Schilling
About SMUD
As the sixth-largest community-owned electric service provider in
the United States, SMUD has
been providing low-cost, reliable electricity for about 70 years to
Sacramento County and small adjoining portions of Placer and Yolo
Counties. SMUD is a recognized industry leader and award winner for
its innovative energy efficiency programs, renewable power
technologies, and for its sustainable solutions for a healthier
environment. SMUD's power mix is about 50 percent non-carbon
emitting. For more information, visit smud.org.
About SpaceTime
SpaceTime helps asset-intensive organizations generate more value
from their people, processes, and assets. Their machine learning
analytics and IIoT applications optimize operations in motion, in
context and in real time. Some of the largest organizations in the
world in transportation, energy, and utilities, including SMUD, use
SpaceTime Insight software. NEC and SpaceTime began a partnership
in the smart energy business in 2014 and are now enhancing their
business successes in Japan and the APAC region (note 2). For more
information, visit http://spacetimeinsight.com.
(1) Space-Time Insight, SMUD and NEC Collaborate on Innovative
Smart Energy Solutions
(2) Space-Time Insight and NEC Announce Smart Energy
Partnership
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network
technologies that benefit businesses and people around the world.
By providing a combination of products and solutions that cross
utilize the company's experience and global resources, NEC's
advanced technologies meet the complex and ever-changing needs of
its customers. NEC brings more than 100 years of expertise in
technological innovation to empower people, businesses and society.
For more information, visit NEC at http://www.nec.com.
Based on its Mid-term Management Plan 2015, the NEC Group globally
provides "Solutions for Society" that promote the safety, security,
efficiency and equality of society. Under the company's corporate
message of "Orchestrating a brighter world," NEC aims to help solve
a wide range of challenging issues and to create new social value
for the changing world of tomorrow. For more information, please
visit
http://www.nec.com/en/global/about/solutionsforsociety/message.html.
Source: NEC Corporation
Contact:
NEC
Seiichiro Toda
s-toda@cj.jp.nec.com
+81-3-3798-6511
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