July 28, 2020 / 8:43 AM / 15 days ago

E.ON, SAP to develop platform for networks data

FILE PHOTO: A shareholder carries a bag with the logo of E.ON during the company's annual shareholders meeting in Essen, Germany May 10, 2017. REUTERS/Thilo Schmuelgen

FRANKFURT (Reuters) - E.ON (EONGn.DE) will work with SAP (SAPG.DE) to develop a platform aimed at standardising data of its vast network of gas and power grids.

First outcomes from the collaboration are expected in mid-2022, E.ON said in a statement, adding that cloud solutions would reduce costs by more than 40% in the long-term.

“This project will set a new standard in the market. Having maximum automation and standardization on the new platform will make our processes much more efficient,” board member Thomas Koenig said.

Reporting by Christoph Steitz; Editing by Michelle Martin

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