First Minister Alex Salmond has officially opened the first US office in New York of Smarter Grid Solutions – which is based in Glasgow – as part of his Scotland Week visit to the USA.
Smarter Grid Solutions is at the forefront of smart grid technology. The company creates products that enable power companies and utilities to increase their existing grid capacity in order to connect more renewable energy and respond to the global rise in demand for electricity.
Smarter Grid Solutions’ new office is situated within New York City’s Urban Future Lab, the city’s premiere clean and resilient technology incubator. It is the product of a partnership between NYU Polytechnic School of Engineering and The City and State of New York. Smarter Grid Solutions is the Lab’s first international tenant.
Dr Bob Currie, Smarter Grid Solutions’ Chief Technology Officer and Co-Founder, said: “In the short time we have been operating in New York, we have identified significant opportunities to accelerate our growth and have already started work with a number of prominent organisations in the smart grid sector.
“Our technology and solutions are being well received and leading to important new business relationships, some of which we are announcing today. We are looking forward to growing our presence in North America and applying our knowledge and experience to create a smarter grid.”
Speaking at the opening in Brooklyn, New York, the First Minister said: “Scots are well known for pioneering research in many sectors, especially in technology and renewable energy. Smarter Grid Solutions is an excellent example of how a Scottish company can take this research and create a successful, growing business overseas – with Scottish university research at its core.
“Decarbonising our energy, while maintaining the resilience of our power grid, is a challenge for communities across the world. In Scotland, we are already leading the way with our ambitious climate change targets. 2013 was a record year for Scotland’s renewable energy sector, with 46.5% of our electricity needs coming from renewable sources.
“Smarter Grid Solutions is working to prepare the grid for important changes, like the growth in electric vehicles and new ways to store greener energy.
“It’s estimated that the smart grid technology market will be worth more than $56 billion globally by 2020, and as an innovative company with strong international growth ambitions Smarter Grid Solutions is in an ideal position to capture a slice of this.
“We’ve worked closely with the company to support its plans for growth, and are delighted to see this latest success at it starts exporting its technologies to the key US market.”
While visiting the offices in Brooklyn, Salmond also witnessed the signing of new agreements with US-based smart grid companies that will contribute to their North American growth plans. The First Minister also met the company’s New York based staff before holding a round-table meeting with senior representatives from New York’s smart grid sector.