Latest news with #digitalsolutions
Yahoo
3 days ago
- Business
- Yahoo
Hitachi Energy to enhance Zhejiang Energy Group's VPP services
Hitachi Energy has partnered with Zhejiang Energy Group to deliver advanced digital solutions and advisory services aimed at optimising the smart settlement business of the group's virtual power plant (VPP) in Zhejiang Province, China. The collaboration will integrate the VPP platform seamlessly into existing power system operations and enable full participation in local electricity market transactions. In 2024, Zhejiang introduced policies encouraging VPPs' involvement in ancillary service markets through both policy incentives and market mechanisms. In this strategic move, Hitachi Energy has provided consultancy to assist Zhejiang Energy Group in launching its inaugural VPP project. The project integrates diverse resources offering auxiliary grid services, which improve regulatory capabilities and balance supply-demand dynamics. Customised algorithm development for trading strategies and settlement processes will be part of Hitachi's contribution alongside necessary hardware support. The implementation of these upgrades supports more effective resource use within Zhejiang Province, known for high industrial activity and where electricity consumption surpassed 678bn kilowatt hours (kWh) in 2024 - an annual increase close to 9.5%. The VPP platform provides auxiliary services including peak load adjustment and frequency response through intelligent interactions between power supply networks, loads and storage systems. Currently connecting more than 200 user-side resources within the province, the VPP aggregates multiple forms of energy, including storage capacities and adjustable loads. Digital coordinated control technologies deployed offer real-time responses enhancing dispatch efficiency – essential for maintaining equilibrium between supply-demand pressures whilst ensuring stable grid operation. It also plays a vital role as a stabiliser against intermittent renewable energy generation fluctuations, thus improving renewable resource utilisation efficiency across Zhejiang. "Hitachi Energy to enhance Zhejiang Energy Group's VPP services" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Al Bawaba
4 days ago
- Business
- Al Bawaba
GBM Becomes Region's First Company to Join Red Hat Partner Practice Accelerator
With more than 29 years of experience, 7 offices and over 1500 employees across the region - Gulf Business Machines (GBM) is a leading end-to-end digital solutions provider, offering the region's broadest portfolio, including industry-leading digital infrastructure, digital business solutions, security and services. We have nurtured partnerships with the world's leading technology companies and invested in a talented, skilled workforce to implement solutions that cater to customer's specific, complex and diverse business needs. With on-the ground, readily available expertise, GBM provides round-the-clock support to customers across the region.
National Post
19-06-2025
- Business
- National Post
LTIMindtree Launches 'BlueVerse' -- An AI Ecosystem that will Define the Enterprise of the Future
Article content WARREN, N.J. & MUMBAI, India — LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, has announced the launch of a new business unit and suite of AI services and solutions: BlueVerse. Designed as a complete AI ecosystem, it helps enterprises accelerate their AI concept-to-value journey. This ecosystem is a universe of components that enterprises need to elevate business operations, achieve breakthrough productivity, and create transformational customer experiences. Article content BlueVerse Marketplace currently has over 300 industry and function-specific agents and ensures seamless interoperability and a growing connector ecosystem. It is underpinned by responsible AI governance, delivering enterprise-grade trust and scalability. Article content Article content BlueVerse Productized Services utilize repeatable frameworks, accelerators, and industry-specific solution kits. At launch, BlueVerse will offer pre-built solutions for Marketing Services and Contact Center as a Service (CCaaS). With Marketing Services businesses can unlock unparalleled campaign effectiveness and achieve maximum ROI, transforming their marketing strategies into powerful growth engines. CCaaS uses context-aware AI agents to reduce response times leading to enhanced customer satisfaction. Article content This ecosystem also includes BlueVerse Foundry, an intuitive no-code designer and flexible pro-code editor that can enable enterprises to quickly compose and deploy AI agents, AI Tools, assistants, Retrieval-Augmented Generation (RAG) pipelines and intelligent business processes. Article content Venu Lambu, Chief Executive Officer and Managing Director, LTIMindtree Article content , said, 'BlueVerse is all about unlocking productivity for businesses at different levels by embedding AI across all functions of the enterprise. Backed by a strategic partnership ecosystem and deep AI expertise, it positions LTIMindtree as the partner of choice for future-ready organizations.' Article content 'BlueVerse will enable our clients to unlock new sources of value, streamline operations, and stay ahead in an AI-driven world,' said Nachiket Deshpande, President, Global AI Services, Strategic Deals and Partnerships. 'By embedding advanced AI across core business functions, we aim to deliver measurable outcomes and create long-term competitive advantage for our clients.' Article content BlueVerse is where autonomous agents and enterprise ambition converge. At LTIMindtree, we're not just bringing AI to business—we're making business Agentic. To learn more about BlueVerse please click here. Article content About LTIMindtree: Article content LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 84,000+ talented and entrepreneurial professionals across more than 40 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. For more information, please visit Article content Article content Article content Article content Article content Contacts Article content Media Contact: Article content Article content Article content
Zawya
10-06-2025
- Business
- Zawya
HIMA Group continues growth path, strengthening its position as key solutions provider
Dubai: HIMA Group, a leading provider of safety-related automation solutions, has continued its significant growth path in the fiscal year 2024. Revenue increased to EUR 186 million, driven largely by international expansion and an increasing focus on digital solutions. Following an already very successful fiscal year 2023, the HIMA Group continued its growth momentum in 2024. Revenue rose by 23 percent, from EUR 151 million in 2023 to EUR 186 million in 2024. Organic growth was 12 percent in 2024. Jörg de la Motte, CEO of HIMA Group, said, 'With the acquisition of Sella Controls and Origo Solutions in 2023 and 2024, we have brought new expertise into the company and strengthened our market position as a key solutions provider. In addition, we have further expanded our operations outside Europe to support demanding customer projects locally.' In Europe, 24 percent of sales were generated from Germany, Austria and Switzerland, 19 percent from other EU countries, 11 percent from the United Kingdom, and 9 percent from Norway. The Asia-Pacific region contributed 19 percent to sales, followed by the Middle East and India with 12 percent and the Americas with 6 percent. Dr. Michael Löbig, CFO of HIMA Group, said, 'The encouraging sales performance is a clear signal of the viability of our business model. We expect further sales growth in the current year, although the market environment remains challenging, particularly in Germany.' Railway sector witnessed strong growth In 2024, HIMA recorded substantial growth, particularly in the railway sector, with one of the reasons being new customer projects supported by Sella Controls. The railway industry now accounts for 17 percent of sales. An expanded product and solution portfolio was presented for the first time at InnoTrans 2024. It was very well received by trade visitors, particularly because of its high flexibility, easy integration, cost efficiency, and ability to promote the digital transformation of railway transport. International expansion continues Following the opening of a new subsidiary in Saudi Arabia in 2023, another was established in India in November 2024. In addition, new sales offices and service centers were opened in several countries. In China, for example, a new service center commenced operations in Zhanjiang to better serve customers in the southeastern part of the country. In addition, a subsidiary was opened in Colombia, and a branch is planned in Peru. Further expansion in these growth markets is planned to support large and demanding customer projects locally. In regions where the HIMA Group does not have a direct presence, the partner program has been further expanded. 'With these investments in high-growth regions, we are further expanding our customer proximity and strengthening our international position,' added Jörg de la Motte. Investments in digitalization and artificial intelligence (AI) The portfolio has been expanded to include new digital solutions such as cockpits for controlling safety lifecycle management, SCADA+, and safeHMI. The safeHMI, developed in partnership with DEUTA-Werke, replaces classic, hard-wired visualization solutions with secure, flexible control panels. The long-standing cooperation with security specialist genua has also been further intensified in order to strengthen the resilience of automation systems against cyber threats. Jörg de la Motte said, 'Our strategy with a clear focus on digitalization under the motto #safetygoesdigital is paying off. With our digital cockpits for controlling safety lifecycle management, safeHMI, and SCADA+, we offer our customers real added value.' Continuing education is also embracing digitization. With the "Digital HIMA Academy", the company is digitizing all training processes and offering employees and customers a digital learning platform. HIMA Group is increasingly focusing on AI-based innovations and has expanded its own innovation lab, 'himalaya', in Mannheim to accommodate this. Solutions developed here that are already in pilot use include AI-supported remote diagnosis, which detects anomalies in safety control systems at an early stage and enables proactive maintenance. The company's internal chatbot, 'Ask Paula', which specializes in functional safety, will be introduced in June 2025. Dr. Michael Löbig said, 'AI has great potential for HIMA Group, both internally and externally. Our innovation lab, 'himalaya', is the right place to quickly identify and tap into applications and potential.' Sustainability as a priority "At HIMA Group, sustainability is a central component of our corporate philosophy and serves to secure the future of our company," explains Steffen Philipp, Managing Partner of HIMA Group. This is particularly evident in the responsible use of resources and the protection of people and the environment. To operate successfully and responsibly in the long term, HIMA pursues economic, ecological, and social goals. These include participation in sustainability initiatives, the establishment of a global CSRD team, sustainable location and trade fair concepts, as well as ideas competitions and awards for particularly successfully implemented projects. "For every customer feedback, HIMA makes a contribution to tree planting and thus makes an active contribution to environmental protection," adds Dr. Michael Löbig. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Zawya
22-05-2025
- Business
- Zawya
EQIQ doubles down on Iraq's digital economy, plans to double fund to $30mln after backing 5 tech startups
Abu Dhabi, UAE – Abu Dhabi, UAE – EQIQ, a venture capital fund and venture builder led by founding partners with a track record of investing over $500 million in technology startups and generating more than 3.3x return, is expanding its fund size from $15M to $30M. Domiciled in Abu Dhabi Global Market (ADGM), EQIQ is pursuing both greenfield (seeding new ventures) and brownfield (scaling established startups) investments in technology startups in Iraq. By aligning synergies across verticals in e-commerce, logistics, and fintech, the fund aims to create holistic, digital solutions that address real challenges and serve millions of users with delightful experiences. EQIQ was founded by serial entrepreneur Mohamed Al-Hakim, who launched his first startup at the age of 15 and exited his first startup at the age of 19. After growing up in Europe, studying at University College London, and working in investment banking at Goldman Sachs in London, Mohamed decided to move back to Iraq in 2014 to help build the tech ecosystem. From launching one of the first fintech companies in the country to being the CEO of Careem in Iraq and Jordan, Al-Hakim has been at the forefront of the technology ecosystem in Iraq since his reverse migration. Far from being a smooth journey, the last 10 years have seen a remarkable shift in the outlook for the Iraqi economy. Al-Hakim believes the country will experience a transformational shift over the next 10 years. 'Iraq has significant untapped potential underpinned by a young, vibrant, and tech-savvy population that is hungry to achieve. The country is underserved in many sectors; capital has been scarce as investors have been cautious to enter a market they know li
