Elia Group and division of ALSTOM Power , Alstom Grid, have signed a three year cooperation agreement setting out the general framework for a long-term joint development strategy including Smart Grid initiatives, renewable energy integration, and international research and development.
The agreement, which will remain in place until 2015, is in line with the international development strategy of both Elia and Alstom Grid. It is expected that the joint initiatives under this agreement will bring a major contribution to the European and global energy and climate objectives.
This agreement will combine both companies’ strengths and expertise in key development areas for tomorrow's electricity industry. One area of development will be the integration of renewable energy through Innovative solutions to balance supply load and electricity demand, incorporating factors such as intermittent renewable energy, CO2 emissions and demand response.
Another key development area will be smart transmission, which will involve innovative research and development on grid security and the stability of electricity transmission.
Under the agreement, the two major energy players will work to address the challenges currently facing the electricity industry, through collaborative research and development, services and consultancy internationally.
In its capacity as Belgian transmission system operator and co-owner of German transmission system operator 50Hertz Transmission, Elia aims to become a global benchmark among TSOs particularly in integrating renewable energies into the grid.
In December 2010, the parties will set up an organisational structure with an Executive Coordination Committee and a Joint Task Force that will begin to work on different joint initiatives that will be executed under this agreement beginning January 2011.