This MOU is the latest concrete step that Cisco has taken to aid the transformation of Russia’s energy infrastructure. A year ago, Cisco announced a $1 billion investment in Russia over the following decade to propel entrepreneurship, sustainable innovation and energy efficiency. The investment includes the development of a collaboration with Russian business in verticals such as smart grid technology.
So, what makes Russia ripe for smart grid transformation? As the earth’s third largest consumer of energy, Russia’s energy infrastructure requires modernisation, a circumstance that President Medvedev’s administration is confronting proactively and aggressively. The nation’s distribution infrastructure loses 12 percent of transmitted energy – worth $10bn – every year. This has a huge economic impact on the nation as well as an environmental impact on the earth. Much of what causes this inefficiency can be addressed through today’s smart grid technologies. This is why Cisco is aiming to establish a complete communications fabric based on IPv6 standards that marries data technology with energy technology.
Cisco is providing solutions for complete, resilient and two-path communications throughout all critical points of the energy infrastructure, from data centres and substations through neighbourhood area networks and within homes. The communications fabric, much like an operating system for smart grid, will serve as the innovation platform for fresh smart grid applications, in partnership with the Federal Grid Corporation of Russia.
A Cisco spokesman added “From our initial commitment to invest in Russia, we are excited about the potential of the collaboration with the nation and have seen the potential of the partnership to develop innovative smart grid technologies and bring them to market.”