Siemens and Allgäuer Überlandwerk form joint venture for smart grid expansion

Siemens AG (Berlin und München) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Die Allgäuer Überlandwerk GmbH (AÜW), Kempten, Germany, has for years been working on questions such as "What do renewable energy generation and the energy transition mean?" and "What impact will this have on the future of energy in the Allgäu?" As one of Bavaria's most innovative energy providers, AÜW focuses on a future-viable power supply for its customers. Nature plays an important role in the way AÜW develops innovations. The energy provider does not settle for ecological and environmentally compatible energy from Germany and neighboring European countries. It produces more than 80 million kWh of renewable energy from local water resources with its ten hydroelectric power plants in the Allgäu region. For nearly 100 years now, AÜW has been reliably supplying more than 87,000 customers in the Allgäu with electrical power. It personally addresses the concerns of its customers, provides answers to the energy questions of the future and is defined by its social commitment within the region. For more information, please visit www.auew.de.

egrid applications & consulting GmbH , Kempten, Germany, a subsidiary of Allgäuer Überlandwerk GmbH, develops smart solutions for the decentralized integration of renewable energy into distribution grids. The company focuses on smart grid expansion with intelligence instead of copper. Within its interdisciplinary team, egrid applications & consulting GmbH also advises its customers on all aspects of energy efficiency, including auditing, conceptual design of their area and identifying storage potential. Backed by its unique experience with both regional and European research projects, egrid offers intelligent decentralized infeed and storage solutions. egrid provides the energy community with a wide range of services, from consulting and project management to operation, as well as analysis, optimization and monitoring of Capex & Opex under regulatory conditions. Further information: www.egrid.de.