Huawei and Oracle have officially signed the ‘Power IoT Ecosystem Partnership’ MOU the two companies announced in a press release.
The agreement, made on Feb 6th, will see the two companies continue to cooperate on the marketing and sales of the Huawei AMI Solution with Oracle Utilities Meter Data Management (MDM), Oracle Utilities Smart Grid Gateway (SGG) and related Oracle Utilities products.
Both Oracle and Huawei plan to operate regarding customer requirements by using Oracle’s capacity for Research and Development and Huawei’s ICT products.
Energy Solution Managing Director, Cong Peijin, said: “Huawei is very glad to establish a favourable cooperation relationship with Oracle in connected smart grid territory. We plan to increase strategic investment in solution construction, market expansion projects and joint marketing, conduct the cooperation deeply and consistently, and to finally achieve a win-win business situation.”
Because both systems use an open architecture it should allow the two to integrate much more efficiently between the software and the infrastructure. The deal should prove a net positive for customers and energy companies.
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The alleged benefits of this new memorandum of understanding are expected to save labour and operational costs, the inclusion of smart meters to monitor energy correctly, more accurate customer billing, and power companies will be able to monitor power loss to a higher standard.
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Oracle Greater China Regional Senior Director Sales, Stuart Shaw, said: “Oracle is looking forward to working together with Huawei in marketing, sales and technology to take the AMI Solution into the target sectors. Huawei along with Oracle’s utility and customer experience will jointly approach the customer opportunity and achieve a win-win business situation.”
Huawei is already a Platinum member of the Oracle Partner Network but this move will allow the two companies to work increasingly closer in delivering smart solutions using smart technology with regards to energy.
