Toshiba, Alstom planning power ties

Kyodo

Toshiba Corp. said Monday it and France’s Alstom Grid, the electric transmission arm of the world’s leading power infrastructure firm Alstom, have signed a memorandum of understanding to partner up in the smart power grid business.

The two aim to develop wide-ranging electricity management solutions and jointly work out systems that integrate renewable energy sources into smart grids and help lower power costs.