Accenture wins contract from U.K.’s Department of Energy and Climate Change

Management consulting firm Accenture has won a contract to provide strategic support on smart grid roll out to the Department of Energy and Climate Change (DECC).

The UK Government has set high goals for the reduction of carbon emissions and deployment of smart grids will play a pivotal role in achieving these targets. Accenture was selected because it brings a lot of experience to the table. The consultancy has deployed smart grids and smart meters in cities in Europe, North America and Asia.

Smart grids help energy and utility organizations manage distributed sources of renewable energy (wind farms, biomass plants) in the most efficient way. By distributing power optimally, the grids also reduce wasted power generation and network losses.

Omar Abbosh, managing director of Accenture’s Resources operating group in the U.K. and Ireland, said, "The U.K. Government has some of the most ambitious emissions targets in the world and smart grids will be play a central in achieving them, by helping to reduce electricity consumption and by better managing intermittent renewable sources. Smart grids are a national priority but will be built locally. As such, city authorities will play a major part in making smart grids the basis for low carbon living, working and transport."

Accenture also provides support to the cities and utilities that use smart grids through its Intelligent City Network initiative, which helps organizations committed to building smart grids exchange experience and knowledge.



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Accenture's board approves moving incorporation to Ireland

Accenture's board unanimously approved changing the company's place of incorporation from Bermuda to Ireland, the consultancy said in a statement. Accenture's shareholders will vote on the move in the following three to four months.

The company will stay registered with the Securities and Exchange Commission and trade shares on the New York Stock Exchange.

The leaders of the management and technology consulting firm do not expect the move to result in any material change in Accenture's operations, financial results or tax treatment.

Accenture CEO William D. Green said: "We believe that incorporating in Ireland will provide Accenture with economic benefits and help ensure our continued global competitiveness."

"A member of the European Union, Ireland offers a sophisticated, well-developed corporate, legal and regulatory environment," he added. "In addition, Ireland offers a stable political and economic environment and has the financial and legal infrastructure to meet Accenture's needs, both today and in the future."

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