adminCarlos Jose Grillo
Executive Officer, Chief Officer & Director of Digital & Systems and Member of Executive Board
Good morning, everyone. Once again, I will try to start this topic of the modernization of the Grid business. More importantly, the reliability of the grid. We made a purchase last year. We acquired REIVAX. We announced it. And REIVAX, just to shed a little light on it, is a company that was not a start-up. It was founded in 1987. It has — had a very good reference in control systems. Energy is increasingly more complex. The grid is more complex and the control has to be increasingly more intelligent so that it can deal with all those different sources, solar, be diesel, different loads. So REIVAX brings this in its DNA, and it has operations in Brazil. It’s based in Florianopolis. It also has operations in Canada and in Portugal. About 60% of REIVAX revenue comes from foreign markets.
And then I brought back that graph that I’ve shown you earlier on when I talked about the V2X. We explained briefly nanogrid, microgrid. But now going a little deeper. When I look at this different resources, distributed resources, I have to see always with the point of view of energy and intelligence. And when I see the microgrid, as Neto has explained, the generation is multiple. It’s biomass, solar, wind and storage is BESS made. Or maybe the storage component is not. And the consumption, unlike our homes, it’s a more complex one is an [indiscernible] is a hotel
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