Renewable

September 25 (SeeNews) - Omnetric group, the smart grid joint venture of management consulting, technology services and outsourcing company Accenture (NYSE: ACN) and industrial giant Siemens AG (ETR:SIE) will soon start operations in Brazil.

Brazil will be the hub, from which Omnetric will grow in Latin America, Accenture and Siemens said in a joint press release on Thursday.

Omnetric, founded last year in Munich, offers the energy industry customizable solutions and services for integration of IT systems supporting smart metering, energy consumption and work and asset management with operational technologies (OT), such as distribution management and real-time grid operations.

"Omnetric solutions will help Brazilian utilities to better integrate new technologies, such as renewables and microgrids, into electricity networks. They will also help to improve grid operations with reduced costs and increase capital effectiveness by enabling more-informed business decisions based on real-time data from the grid,” said Adriano Giudice, managing director of Accenture’s utilities industry group in Brazil.

Omnetric Brazil will be based in the city of Belo Horizonte, which is also a hub for Siemens smart grid research and development and an Accenture office location.