Partnership in between Alstom Grid and Toshiba Corp

The two corporate giants Alstom Grid and Toshiba Corp entered into partnership for their smart grid business by signing a Memorandum of Understanding on 6 September 2012. The goal of the collaboration is to secure the supply of energy by identifying different types of electricity management solutions. This partnership will help in ensuring consistency in outcome and support of the supplied energy. Both the organizations are expecting to develop systems that support the integration of renewable energy for bringing down the cost of energy production.

Alstrom and Toshiba, both are looking forward for extending the business in the global market. Alstrom Grid is a 125 years old company and placed among the three global players of electrical transmission. Whereas, Toshiba Corp is a renowned Japanese electronics company engaged in development of electrical products, internet based services and solutions and more in the domain.