April 26, 2017 7:27 AM ET

Electric Utilities

Company Overview of Allgäuer Überlandwerk GmbH

Company Overview

Allgäuer Überlandwerk GmbH distributes electricity to private households and commercial customers. The company owns and operates hydropower and coal-fired power plants. The company was founded in 1907 and is based in Kempten, Germany.

Illerstrasse 18

Kempten,  87435

Germany

Founded in 1907

Phone:

49 831 2521 0

Fax:

49 831 2521 330

Key Executives for Allgäuer Überlandwerk GmbH

Managing Director
Compensation as of Fiscal Year 2016.

Allgäuer Überlandwerk GmbH Key Developments

Siemens AG and Allgäuer Überlandwerk Gmbh Form Joint Venture for Smart Grid Expansion

Siemens AG and Allgäuer Überlandwerk GmbH (AÜW have formed a joint venture named egrid to commercially implement the results from IRENE and IREN2, two joint smart grid research projects in Wildpoldsried. It was agreed that Siemens would acquire a 49% share in the AÜW subsidiary, egrid applications & consulting GmbH. The transaction is subject to clearance by the competent competition authorities. The joint venture will offer innovative consulting services for distribution grid operators and will continue to refine existing offers. The joint venture’s consulting services will focus on “intelligence instead of copper” solutions for smart grid expansion. The primary action areas will be the integration of large capacities from distributed generation plants and intelligent control of the distribution grid. In Wildpoldsried, where both research projects are located, the amount of electrical power generated from renewable sources is five times greater than what the village needs. During the course of the first project (IRENE: Integration of Renewable Energy and Electromobility), Siemens and AÜW therefore worked together with partners from science and industry to build a smart grid in the town situated in the Allgäu region from mid-2011 to the end of 2013. The goal was to balance out power generation and consumption and thus keep the grid stable. These efforts established the main requirements for the new IREN2 research projects (Future-Viable Grids for the Integration of Renewable Energy Systems), which has been in progress from 2014 to 2017. This project is aimed at scientific studies and practical testing of the best ways to operate autonomous island systems and topological power plants. The researchers are examining new types of grid structures and ways to manage them according to technical and economic criteria, with the goal of determining how energy systems with distributed power generation and additional components can be technically and economically optimized. Wildpoldsried offered the best conditions for verifying theoretical results on the basis of a real-life smart energy system. Both research projects in the Allgäu region have established a basis not only for a future renewable energy system between the conflicting priorities of regulation and the market but also for the new joint venture.

Similar Private Companies By Industry

Company Name Region
AC Biogas GmbH Europe
Aggerenergie Gmbh Europe
Allgäuer Überlandwerk GmbH Europe
Ampere AG Europe
Amprion GmbH Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 24, 2017
egrid applications & consulting GmbH
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Allgäuer Überlandwerk GmbH, please visit www.auew.de. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.