The two companies are betting that “smart energy” will play a key role to reach the European Union's energy efficiency goals for 2020.
The EU estimates that smart electricity grids can reduce CO2 emissions by 9% and the annual household energy consumption by 10 percent, and also contribute to secure the efficiency of the electricity system with the integration of increasing amounts of renewable.
Under the terms of the agreement, Paradox Engineering and NEC will share their knowledge in order to optimise their engineering efforts and identify opportunities for proof-of-concept and pilot projects, which will allow a smarter management of energy resources, and therefore increase sustainable performance of communities and cities.
“Through the collaboration with NEC, Paradox Engineering will contribute its innovation capability, know-how and solutions with organizations to pursue innovative energy strategies,” said Gianni Minetti, President and CEO of Paradox Engineering.
“The cooperation with NEC represents the ideal matching between competencies and solutions to address the needs of the energy sector with a comprehensive approach,” Minetti said.
Ugo Govigli, CEO of NEC Italia and EMEA Vice President Smart Energy Infrastructure and Solutions, described the cooperation with Paradox Engineering as “a significant step ahead in the development of effective localized solutions for Smart Cities applications”.
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