By Nathan Allen 
 

Siemens AG (SIE.XE) said Tuesday that it has signed a contract with Finland's Lempaalan Energia to build a self-sufficient smart grid in the Marjamaki industrial area.

Siemens is responsible for designing and engineering the medium-voltage microgrid, the grid automation system and an electrical storage system, it said.

The grid will be supplied by two clusters of solar panels with an annual output of 3,600 megawatt hours, while any excess energy will be directed into Finland's national grid, Siemens said.

Siemens didn't disclose financial details of the contract.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

June 19, 2018 04:43 ET (08:43 GMT)