Tata Consultancy Services (TCS) has partnered with Landis+Gyr, a leading energy management company based in Switzerland, to deliver innovative energy-efficiency solutions for utilities. The collaboration aims to help utilities meet sustainability targets, improve operational efficiency, and reduce carbon emissions for their commercial and industrial customers.
Over the next 3 years, TCS will integrate its energy management platform, TCS Clever Energy™, with Landis+Gyr’s advanced smart metering and grid management technologies. This will create a comprehensive energy management solution for utilities, enabling them to manage the increasing energy demands of their commercial and industrial clients.
The combined solution will include real-time energy optimisation, demand response, and smart EV charging. These features will assist utilities in integrating renewable energy sources, optimising infrastructure use, and improving grid flexibility. The partnership will also help utilities empower their customers to reduce energy usage and emissions.
Landis+Gyr, with annual sales of $1.7 billion, is one of the largest energy management solutions providers worldwide. Over the years, the company has helped avoid more than 9.5 million tons of CO2 and will now assist utilities in complying with new Swiss regulations on climate change.
Anupam Singhal, President of Manufacturing, TCS, said, “We are delighted to partner with Landis+Gyr to help achieve sustainability goals by optimising operational efficiency and accelerating the journey to carbon neutrality. The synergy between Landis+Gyr’s expertise in smart metering, grid resiliency, and flexible demand management and TCS Clever Energy solution with self-learning and self-optimizing capability utilising cutting-edge IoT, Edge, and AI will ensure a robust and future-ready green ecosystem.”
TCS is a global leader in IT services and consulting, helping organisations with transformation journeys for over 56 years. The company is a part of India’s Tata Group and is committed to sustainability.
As of 11:21 AM on December 13, 2024, Tata Consultancy Services share price opened at ₹4,446.65, reached a high of ₹4,466.50, a low of ₹4,394.40, and is currently trading at ₹4,417.90, down by ₹37.05 or 0.83%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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