This collaboration is expected to allow utility customers to integrate their latest smart grid investments and enable them to better manage data analytics.

In addition, the strategic agreement would provide opportunities to optimize the investment in enhanced reliability in the future and deliver a holistic view of present grid reliability.

Siemens Smart Grid Division North America president Thierry Godart said, "As consumers look for ways to better manage their energy consumption, this solution will help utilities better utilize internal resources to improve grid dependability for their customers."

Utilicase CEO Spero Mensah commented, "The goal is not to replace the investment made by utilities recently in enterprise asset management but to leverage the Utilicase EPS-M platform coupled with Siemens asset and operational knowledge to make the existing information actionable and provide critical insight into grid reliability and risk."