Siemens has partnered with German electric utilities company RWE to collaborate an RWE Smartpool project for building a next-generation virtual power plant.

Both the German companies will build an advanced IT system for connecting a large number of distributed energy resources.

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RWE Deutschland CTO Dr. Joachim Schneider said: "Many innovative steps must be taken in order to successfully manage the energy transition to the new energy mix.

"By collaborating with Siemens, we will be able to significantly expand the benefits of new IT technology systems and thus provide customers and grid operators with efficient solutions for their business."

"With this technologically leading system, RWE will be well equipped to meet the challenges of an increasingly digitalised energy world."

Siemens will provide technology to the RWE Smartpool project in order to create a system, which will help in connecting large number of parties.

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The stakeholders, which could be connected to the IT system, include energy generators, consumers (loads) and storage units.

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The technology platform will be built as an energy information and control system, which can be suitable for mass market and able to handle multiple clients.

Siemens said that the RWE Smartpool is also expected to support the structuring between market participants and the grid in future, in line with the traffic light concept of the BDEW industry association.

RWE Smartpool can also be used by public works and grid operators to market small amounts of locally generated electricity.

Siemens will license its DEMS de-centralised energy management system for the project, which is based on the company’s scalable platform for smartgrid applications, EnergyIP.

Siemens energy management division digital grid business unit CEO Thomas Zimmermann said: "With this technologically leading system, RWE will be well equipped to meet the challenges of an increasingly digitalised energy world."