The automation arm of Crompton Greaves (CG), ZIV Metering Solutions, has bagged an order to supply IBIL, the Spanish electric vehicle charging operator, with 90 Electric Vehicle (EV) charging stations. CG is part of the Gautam Thapar controlled US$ 4 bn Avantha Group is one of India's leading business conglomerates. Its successful entities include BILT, Crompton Greaves, The Global Green Company, Avantha Power & Infrastructure, Solaris ChemTech Industries, Biltech Building Elements, Salient Business Solutions and Avantha Technologies.
The IBIL order helps showcase CG's capabilities at the cutting edge of the energy revolution in transportation and its strength in the exciting Smart Grid space.
IBIL - a JV between REPSOL, the leading Spanish oil company, and EVE, the Basque Energy Agency - had earlier selected CG's Automation arm for the design and supply of 150 charging stations based on their past successful engagement history. ZIV, which was acquired by CG in July 2012, created its portfolio of EV charging products in 2010.
CG's EV charging stations are Smart Grid-enabled, communicating information in real time to and from meters and generators. Moreover, CG offers comprehensive Smart Grid solutions through its end-to-end product offerings ranging from meters and protection devices to routers, current sensors and EV charging stations. The global Smart Grid market has seen double-digit growth rates over the past five years and is expected to continue along this trajectory, reaching approximately $57 billion by 2016. CG is well-positioned to penetrate this sizeable market on the strength of its global footprint, R&D prowess, and manufacturing capability. This will help the company provide its consumers with innovative, reliable and intelligent offerings, even as it helps the environment.
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