Paris, November 15, 2016 – Management and technology consultancy BearingPoint and The CoSMo Company announced today that they have joined forces to help European utilities optimize operating expense (OPEX) and capital expenditure (CAPEX) and their risk assessment of investments. BearingPoint’s expertise in the utility industry combined with CoSMo’s asset investment optimization application gives utilities the power to transform their operations.
This partnership enables utilities to face the inevitable wall of investment by keeping OPEX and CAPEX as low as possible while maintaining an acceptable level of risk and quality of service. Stakeholders will be able to provide regulators with more accurate and rational plans to determine costs accordingly.
Hugues de Bantel, CoSMo CEO
According to a 2016 review of investment conditions for electricity and gas Transmission System Operators (TSOs) in the EU conducted by BearingPoint and Microeconomix for the Directorate-General for Energy, €85 billion in new investments will be required to meet European energy needs in just the next 10 years and for just 39 European TSOs. In addition, as utilities approach an unavoidable “wall of investment,” making optimal strategic choices about those investments is critical.
Before signing the partnership that covers European electricity and gas network operators, BearingPoint worked with CoSMo in May at a Tier 1 gas utility in France under a specific agreement. In the course of this project, it quickly became apparent that CoSMo and BearingPoint were a good fit. Joint opportunities are currently being worked on in France, Germany, the Netherlands, the UK and in the Nordics.
The strengths of this partnership are the complementariness of our business consulting skills and our utility expertise with the holistic and dynamic approach of CoSMo’s decision management solution developed with RTE to deliver Strategic Asset Investment Optimization capability. It is aligned with BearingPoint’s strategy of developing digital capabilities along with digital ecosystems for our clients.
Emmanuel Autier, Partner at BearingPoint and global leader for the Utilities industry
The CoSMo Company is a global technology company that helps the C-suite make optimal decisions. Through their unique methodology, they model and then simulate complex scenarios to accurately predict the outcome of events even if those events have never happened before. CoSMo delivers interconnected insights that tell executives how each part of their organization would be affected by their potential choices so they can make the best decisions for their company. CoSMo goes way beyond big data and data science to decision management and transforms companies by giving them reliable insight into the future. Visit the website at www.thecosmocompany.com.
BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of more than 10,000 people serves clients in over 75 countries and engages with them for measurable results and long-lasting success.
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