CHENNAI: HCL Technologies (HCL), a leading global IT services provider, has announced a significant expansion of its smart grid partner ecosystem by forging strategic alliances with two leading data management software firms focused on the smart grid market - eMeter and Tridium.
The creation of smart grids includes the modernisation and digitisation of ageing power grids.
According to Pike Research, the smart grid managed services market is expected to become a multi-billion dollar market by 2015. In 2011, the market reached $ 821 million, a 75 per cent growth rate over 2010.
“HCL has made a global commitment to utilities customers in enabling them to address their most pressing challenges by helping them assess and roll-out smart grid programmes in all the major power markets,’’ said Rajeev Sawhney, Global Head of Public Services for HCL.