The CoSMo Company and BearingPoint join forces to support utilities

22 December 2016

The CoSMo Company and BearingPoint have joined forces to provide key expertise to European utilities, which are facing increasing demand to transform their capacity to meet the changing environment. Their joint expertise lies in deriving capital expenditure (CAPEX) and operating expense (OPEX) efficiency as well as in modelling risks, as more than €85 billion in investments is required in the next 10 years.

The announced partnership between Lyon-based The CoSMo Company and the European consultancy sees the firms collaborate on research, consulting and delivery offerings. CoSMo, which also has an operation in San Francisco, brings expertise in the optimisation of investment decisions. The firm renders highly complex real world situations into models and simulations, with the outputs used to accurately predict the outcomes of events, enabling utilities to optimise their operations, including capital expenditure (CAPEX) and operating expense (OPEX).

BearingPoint is one of the larger players in the consulting industry, and has a significant track record in the power & utilities industry, operating on the edge of strategy, business and technology, and, since more recently, ventures.

The CoSMo Company and BearingPoint join forces to support European utilities

“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", explains Hugues de Bantel, CEO of The CoSMo Company.

The agreement builds on experience gained in France, where the two firms worked together at a large gas utility supplier. "In the course of this project, it quickly became apparent that CoSMo and BearingPoint were a good fit", says Emmanuel Autier, a Partner at BearingPoint in France. Since the firms have worked on several joint engagements in Germany, the Netherlands, the UK and in the Nordics as well. 

With the ramp up to a more formal pan European partnership, the firms expect to better support European utilities deal with the massive asset management challenge they are set to face in the coming decades. Research from UMS Group found that over half of executives in the industry are planning asset replacement programmes, with 40% stating that the impact on budgets is likely to be 40% or higher. According to one estimate, phasing out of legacy assets from the network, to be replaced by not just newer, but also smarter and "greener" solutions, will require investments totalling more than €85 billion in the next 10 years.

The combination of CoSMo’s decision management engine with BearingPoint's business consulting skills and utility expertise will, in the eyes of Autier, enhance the ability to deliver "Strategic Asset Investment Optimisation" services.

The tie-up will further allow utility companies to better model and prepare for investment risks, as well as broader external threats, in what is becoming a more complex operating environment.

Sustainability is another area where the two organisations expect to make a difference. In the face of a rapid need to decarbonise the energy generation network, in line with global and regional agreements, considerable investment will be required in the coming decades to make networks ready for decentralised forms of energy generation and more collaborative cross-country models. Utilities across the continent are already beginning to act to meet growing needs, from the adoption of renewable energy, to building energy exchange platforms and innovation in green energy domains.



Grey Consulting and Makerversity announce strategic partnership

05 April 2019

Grey Consulting has forged a new alliance with Makerversity, a 500-strong community of the brightest creative innovators, headquartered at Somerset House, London. The partnership hopes to tap into the experimental community to develop pioneering solutions for Grey Consulting’s clients.

In August 2018, one of the world’s largest design agencies surprised the business world by launching a dedicated consulting outfit. The news came as the two industries continued on their trajectory towards a historic synthesis. The consulting industry has been engaged in a pitched battle with the advertising and design space for the past few years, as the former increasingly encroaches on the territory of the latter via a protracted campaign of mergers and acquisitions; but there had been little traffic moving in the other direction.

At its launch, Grey Consulting was not billed as a direct competitor to established consultancies. However, the firm behind the new entity hopes that its creative experience will give it a competitive edge in winning consulting business from its existing clients. The Grey Group is a global advertising and marketing agency with headquarters in New York City, and 432 offices in 96 countries, operating in 154 cities. Grey Consulting opened its doors with a view to aiding clients within the areas of business and brand design, innovation and digital transformations.Grey Consulting and Makerversity announce strategic partnership

Now, as the firm looks to further expand its footprint in the market, Grey Consulting has unveiled details of a ground-breaking new alliance with Makerversity, a 500-strong community of creative innovators headquartered at Somerset House, London. The alignment with Makerversity is hoped to unlock the potential of collaborating with one of the world’s most experimental communities.

Makerversity curates and convenes the best talent across product design, fashion, art and experimental architecture, sustainable materials, IoT, digital manufacturing, and coding. It provides spaces and workshops for professional makers to develop and create their work, supported by Somerset House Trust. The alliance is expected to enable Grey Consulting to develop pioneering solutions for its clients, together with innovators who make something amazing for a living, every day. 

Leo Rayman, Grey Consulting CEO, commented, “This gives our clients the potential to access a network of some of the most diverse and innovative individuals in the world today. Being so tightly connected to a community of makers means we don’t just develop transformational strategies but can quickly realise them in three dimensions. This sets Grey Consulting apart from the pure play strategy houses who are sometimes criticised for not making their thinking real at the pace modern businesses require.” 

Fiona Dent, CEO of Makerversity, added, “Makerversity acts as a catalyst for unexpected encounters, fostering collaborations between an incredible range of the brightest leading creators and innovators. Our experimental approach and engaged members, whose own practice is defining our world, create highly original new outcomes. We are delighted to bring this philosophy to a wider audience and generate interesting projects for Makerversity members through our partnership with Grey Consulting.”