Crompton Greaves’s wholly owned subsidiary - ZIV Metering Solutions, has bagged an order to supply Spanish electric vehicle charging operator IBIL 90 electric vehicle (EV) charging stations.
The company’s EV charging stations are Smart Grid-enabled, communicating information in real time to and from meters and generators. Moreover, company offers comprehensive Smart Grid solutions through its end-to-end product offerings ranging from meters and protection devices to routers, current sensors and EV charging stations. The global Smart Grid market has seen double-digit growth rates over the past five years and is expected to continue along this trajectory, reaching approximately $57 billion by 2016
IBIL - a JV between REPSOL, the leading Spanish oil company, and EVE, the Basque Energy Agency - had earlier selected CG`s Automation arm for the design and supply of 150 charging stations based on their past successful engagement history.
ZIV, which was acquired by CG in July 2012, created its portfolio of EV charging products in 2010. The increasing popularity of EVs - especially in the US and the European Union - is driving increased and more rapid deployment of Smart Grid technologies.
