Beijing, March 5, 2010 — IBM opened its Energy and Utilities Solutions Lab in Beijing, where IBM will bring together advanced analytics skills, industry-specific offerings and best practices to make energy and utility networks safer, more efficient and smarter.
The lab will focus on developing industry-specific solutions based on the needs of the energy and utilities industry.
Located in the IBM China Development Labs, the lb will consist of a dedicated team of developers, IT architects and subject matter experts, who will work with business partners and utilities, as well as with experts in IBM Research Labs and Development Labs in China and beyond.
The lab is part of IBM’s strategy to address the burgeoning demand of smart grid initiatives in China.
China’s energy demand is expected to grow at about 5.5 percent per year through the year 2020. Since the global financial crisis called for improvement in energy delivery, development of clean energy and international cooperation, China has allocated $7.3 billion to energy system reform.
Designed to improve energy efficiency and to expedite development of clean energy, this reform calls for the improvement of existing grid networks and the delivery of new and renewable energy such as wind and solar.
IBM is working with clients in about 60 smart grid engagements across emerging and mature markets.