Regalgrid Europe Launches to Deploy Global Smart Grid Networks

Today, three leading European energy companies announced the creation of a joint venture, Regalgrid Europe s.r.l., to improve grid operations for customers around the world. The company combines the technology expertise of Regal Grid s.r.l., the financial strength of Archeide SICAV SIF - Empower Fund managed by Archeide Lux  and the installation and service knowledge of Upsolar.

Supported by proprietary algorithms and patented technologies, Regalgrid Europe will design, develop and operate regional advanced smart grid networks. Each user integrated into a Regalgridä(Renewable Energy Generated and Accumulated in Local Grid) network will gain the ability to generate, store and consume electricity locally, and to share resources with others in the network. This localized generation and consumption model minimizes reliance on regional distribution systems. Regalgrid networks can be configured for both residential and commercial and industrial applications.