The automation arm of Crompton Greaves, ZIV Metering Solutions, has bagged an order to supply Spanish electric vehicle charging operator IBIL 90 electric vehicle (EV) charging stations.
IBIL, a joint venture between Spanish oil company REPSOL and Basque Energy Agency EVE, had earlier selected Crompton Greaves’ automation arm for the design and supply of 150 charging stations.
ZIV, which was acquired by Crompton in July 2012, created its portfolio of EV charging products in 2010.
The company declined to furnish the value of the order.
EV charging stations are Smart Grid-enabled, communicating information in real time to and from meters and generators. Crompton Greaves offers comprehensive Smart Grid solutions from meters and protection devices to routers, current sensors and EV charging stations.
The global Smart Grid market has seen double-digit growth over the last five years and is expected touch $57 billion by 2016, Crompton Greaves said.
Laurent Demortier, Chief Executive Officer and Managing Director, Crompton Greaves, said, “The repeat order is a reflection of our strong capabilities in the important and growing Smart Grid segment.”