IBM | Quote | Chart | News | PowerRating — IBM (NYSE: IBM | Quote | Chart | News | PowerRating) singed an agreement with the Chinese clean energy producer ENN Group lately about a package of strategic cooperation plans, as part of the IT giant's efforts to boost its Smart City project, citing a report.
In detail, IBM is set to invest in ENN Group's energy service business that is oriented to energy saving and emission cutting, cooperate with the Chinese company to build a IT joint venture for the Smart City and Smart Energy plans, as well as facilitate the partner's development and transformation with its IT services.
via IBM IBM Partners Chinese New Energy Company for Smart Cities.
