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IBM Announces Consortium to Develop Energy Grid

IBM recently announced it has joined a consortium to help develop an energy grid that uses at least 50 percent of renewable energy sources. Those sources include wind power, solar energy and biogas. The EcoGrid EU Project, which is led by a European Union-funded consortium, will demonstrate a smart energy grid that will allow smart devices to use renewable energy electricity.

“The EcoGrid EU project combined with lessons learned from EDISON, demonstrates our steady movement towards a sophisticated smart grid that will be capable of managing the future requirements for energy,“ said Guido Bartels, general manager of Energy and Utilities industry at IBM and chairman of Global Smart Grid Federation.

EcoGrid EU is a continuation of the Electric Vehicles in a Distributed and Integrated Market using Sustainable Energy and Open Networks project. EcoGrid EU is in support of the European Commission's 20/20/20 plan, which is to cut greenhouse gas emissions by 20 percent, increase renewable energy usage by 20 percent and to reduce energy consumption through improved efficiencies by 20 percent by the year 2020.

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