The opening comes alongside a global agreement with Silver Spring Networks and HEVO Power.
Smarter Grid Solutions, a UK-based dedicated smart grid technology company, has expanded to the US by opening its first office in New York. The company also signed global agreements with US-based companies Silver Spring Networks, a networking platform and solutions provider for smart energy networks, and HEVO Power, a provider of wireless charging systems for electric vehicles. The signing was witnessed by Scotland’s First Minister Alex Salmond.
Smarter Grid Solutions previously raised £3m ($5m) in a deal led by Scottish Equity Partners along with Scottish Enterprise through the Scottish Investment Bank and the University of Strathclyde in 2013, underlining the market’s anticipated growth to a total worth of $56bn by 2020. This £3m investment funded the opening of their New York office, as well as the expansion of their Glasgow and London offices.
The company is a spin-out from the Institute for Energy and Environment at the University of Strathclyde, where it was created in 2008 through a joint project with Scottish and Southern Energy Power Distribution (SSE) to establish one of Europe’s first commercial smart grids.
It has been playing a key role in low carbon projects with five of the six six electricity distribution companies, namely UK Power Networks, SSE, Scottish Power Energy Networks, Western Power Distribution and Northern Power Grid.
Bob Currie, Chief Technology Officer and co-founder of Smarter Grid, said: “In the short time we have been operating in New York, we have identified significant opportunities to accelerate our growth and have already started work with a number of prominent organisations in the smart grid sector. Our technology and solutions are being well received and leading to important new business relationships, some of which we are announcing today.”
