Siemens and Accenture will be launching their smart grid joint venture in Brazil as a stepping stone to Latin America.
The venture, Omnetric Group, was created in Munich last year and combines Siemens' smart grid products and solutions and Accenture's management and technology consulting, systems integration and managed-services capabilities.
The Brazil arm of the company will be based in the city of Belo Horizonte, capital of the state of Minas Gerais. The city is home to Siemens' R&D facilities for smart grid technology and an Accenture office is also based there.
"Our solutions will help Brazilian utilities to better integrate new technologies, such as renewables and microgrids, into electricity networks," says managing director of Accenture's utilities industry group in Brazil, Adriano Giudice.
"They will also help to improve grid operations with reduced costs and increase capital effectiveness by enabling more-informed business decisions based on real-time data from the grid."
Brazil has about 200 ongoing smart grid projects involving 450 organizations, which equal about R$1.6bn ($396,000) in research and development investments. according to data from the Brazilian Ministry of Science, Technology and Innovation.