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Symantec Targets European Smart Grid Opportunities

Date: 05 April 2011

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4 pages

Executive Summary

IT security and storage firm Symantec will expand its smart grid offering from the US to Europe throughout 2011. Smart meter deals dominate smart grid implementation projects in Europe but demand response and distribution automation contracts also feature. Large-scale smart grid upgrade projects remain limited in number with European utilities favouring smaller pilot initiatives. The transition to a smart gird introduces new security risks, highlighted in 2010 with the discovery of the Stuxnet worm. Symantec’s core security and data management capabilities present an opportunity for the software firm to carve out a niche in the developing European smart grid ecosystem. Utilities adopt a cautious approach to capital expenditure projects but Symantec’s offerings can help create a more favourable investment environment for these firms.


Europe’s Growing Smart Grid Ecosystem Offers New Opportunities
Symantec Pursues Smart Grid Data Management And IT Security Deals
Risk Averse Utilities Need Help To Progress With Innovative Projects


ABB, Alliander, Capgemini, Cisco, Cooper Power Systems, DONG Energy, Ember, Enel, Fortum, IBM, Iberdrola, Inter-Regional Distribution Grid Company of Centre Moscow, Ofgem, RLtec, Sainsbury’s, Symantec, Telvent