We’d like to congratulate the Obama administration on their announcement yesterday to fund “smart grid” initiatives to develop a more efficient and secure electrical grid. We’re going to actively support the administration’s initiative by working with customers to demonstrate and deploy smart grid technology. As you may know, AREVA is a leader in the United States in the development of smart grid systems, as well as in renewable and other carbon-free energy solutions.
We’ve developed a variety of products and services to improve grid reliability, enable integration of renewables into the grid, and facilitate greater customer control over energy use. We’ve also created a special task force bringing together the capabilities of several business units, to create comprehensive solutions that will accelerate the Obama administration’s smart grid initiatives. In addition, we’re investing in R&D projects at our Center of Excellence in Redmond, Wash., which will further advance the state of smart grid technology.
“AREVA is committed to achieving the goals of the smart grid development projects. As the proven leader in Utility Grid Management Systems and with two-thirds of electric utilities in North America using AREVA equipment, our company is well positioned to help advance these important national initiatives,” said Jacques Besnainou, President of AREVA Inc.
The deployment of smart grid technologies also will allow for greater utilization of renewable energy resources, reducing greenhouse gas emissions and enhancing domestic energy security. We expect that our collaboration with electric utilities on smart grid deployment will create a significant number of new jobs across the United States.