Arin Technologies, 54% owned by Arteche and 46% by Elewit, aspires to become a benchmark in the electrical sector with a clear international vocation.
Arteche, global leader in equipment, components and solutions for the energy sector, and Elewit, Redeia’s technology platform, today announced a strategic alliance with the formation of Arin Technologies. This new company will specialise in developing advanced software for the electrical sector and has been established to accelerate the automation, digitalisation and virtualisation of electrical infrastructure.
The company, which will provide high-value-added solutions for grid operators, manufacturers, engineering firms, and industrial clients, has been established by Arteche and is 46% owned by Elewit. The company headquarters will be in Bilbao. Initially, it will be staffed by a team of experts specialising in industrial software, artificial intelligence, IoT, cybersecurity, and data management. These employees, which belong to both organisations, have extensive technical experience, adding Arteche’s global commercial presence and track record to Elewit’s technological innovation capability and Redeia’s expertise.
'The creation of Arin Technologies is a key strategic step for Arteche in our growth in the area of automation and digitalisation of power grids. We are combining our skills and talents with Elewit to spearhead innovation and intelligent asset management. Our ambition is to deliver innovative solutions that accelerate the energy transition and transform electrical grids to address present and future challenges,' states Alexander Artetxe, President and CEO of Arteche.
According to Beatriz Corredor, chairwoman of Redeia, 'this collaboration is crucial for innovation in the energy sector, a goal where Arteche has been a strategic partner of Red Eléctrica since its inception. We are pure industry, rooted in the real economy, and the evolution towards digitalisation is part of the natural progression of our organisations'.
Technology at the service of electric grids
Arin Technologies will specialise in the development and marketing of a multi-service software platform aimed at virtualising key functionalities within electrical substations. These include: intelligent asset management, advanced network monitoring, deployment of verticals for monitoring and smart telecontrol, and the integration of Artificial Intelligence (AI) and Internet of Things (IoT) applications in industrial environments. This will facilitate interoperability and scalability for customers worldwide.
The platform will leverage technology tested by Elewit as a Minimum Viable Product (MVP) and incorporate cutting-edge technologies, including Edge Computing, AI applied to asset management, and advanced cybersecurity. This approach will make it a unique and adaptable solution tailored to the needs of operators and the global electrical sector.
In the near term, the new company will establish its technical team, develop functional verticals, formalise key agreements, and validate technologies in real-world environments. Subsequently, it will scale the platform as a multi-service solution for electrical substations, with national and international deployment. It will also industrialise the technology and expand its catalogue of solutions by integrating new functionalities.
Arteche and Elewit: a shared challenge to accelerate the energy transition
The alliance between Arteche and Elewit leverages their complementary strengths, combining knowledge and experience to achieve the shared goal of accelerating the energy transition. As a result, Arin Technologies is aspiring to become a benchmark in the electrical sector, with a clear international ambition.
According to Arteche, the establishment of Arin Technologies is a significant step forward in its growth strategy within automation, aligned with its 2024-2026 Strategic Plan, 'Energizing Futures Together'. This alliance will allow Arteche to expand in the substation virtualisation and telecontrol solutions market, as well as in asset digitalisation, through the deployment of new technological solutions. Furthermore, it represents the continuation of a collaboration featuring earlier successful projects, such as the Zero Emission Portable Auxiliary Source (ZEPAS) project, which enabled the development of an innovative emissions-free solution for powering auxiliary services in electrical substations, replacing traditional generators.
For Elewit, participation in Arin Technologies reinforces its commitment to technologically innovative solutions aligned with the challenges facing this sector and with Redeia’s ambition to contribute to the energy transition. It also confirms Elewit’s interest in collaborating with companies tackling similar challenges to bring new products and services to the market. This operation serves as a lever to accelerate the development of solutions that address the challenges of digital transformation, system security, and efficiency. Arin Technologies is its second investment along this line, following SafeDelimit, and joins Elewit’s initiatives such as DALIA and PDEye, which together strengthen its open innovation strategy.