Tuesday 3 December 2019

Accenture and Snam collaborate on IoT tech for sustainable energy networks

Multinational professional services company Accenture and energy infrastructure company Snam are collaborating on Internet of Things (IoT) technologies for the innovation and sustainability of energy networks.

They have signed a memorandum of understanding to study and assess solutions for internet-connected devices and other technologies, such as machine learning and artificial intelligence (AI) and advanced analytics, to optimise the monitoring and maintenance of infrastructure to make it smarter and more sustainable.

They will also analyse the growing role of renewable gases such as biomethane and hydrogen on the energy mix of the future.

Accenture CEO Julie Sweet said: “The right digital strategy is critical to achieving a low carbon future, increasing safety and building community engagement. Snam is an industry leader, and this initiative represents an exciting new chapter in our long and trusted relationship. We look forward to co-developing solutions with Snam to help them — and the industry — accelerate innovation and increase sustainability.”

The collaboration is part of a broad initiative by Snam that calls for investments of more than €1.4 billion (£1.2bn) in innovation and energy transition by 2023.

Marco Alverà, Snam’s CEO, added: “Innovation is a pillar of the SnamTec project, with which we are laying the foundations for the energy company of the future, including through agreements with international firms such as Accenture.

“The aim is to make our network increasingly modern, sustainable and integrated with local regions and communities, using innovative systems like IoT to facilitate system maintenance and reduce emissions. Thanks to our commitment to innovation, with our new plan we expect to reduce methane emissions by 40% by 2025 and CO2 equivalent emissions by 40% by 2030.”