Earlier this month, Cisco and the Federal Grid Company of Russia signed a memorandum of understanding (MOU) that establishes a long-term collaboration to improve the reliability and efficiency of the country’s power grid.
This MOU is the latest concrete step that Cisco has taken to help transform Russia’s energy infrastructure. Just about a year ago, Cisco set the mark by announcing a $1 billion investment in Russia over the next decade to drive entrepreneurship, sustainable innovation and energy efficiency. The investment includes the development of a collaboration model with Russian business in verticals such as smart grid.
Tags: Green, Memoranda of Understanding, Russia, Smart Grid
