Despite these obstacles, the energy market presents a unique opportunity in a time of a historic shift towards a sustainable and smarter energy future, not just for Iraq, but for the entire Middle East.
Understanding the complexities of the Iraqi market
Iraq’s energy sector relies heavily on oil and gas. While this offers significant potential, years of neglect and underinvestment have left the infrastructure in urgent need of modernization. Additionally, navigating the regulatory environment can be difficult, with varying rules across different regions. This is where Iskraemeco can help. With over 15 years of experience as a leader in metering solutions and a recognized expert in the Middle East, Iskraemeco brings a deep understanding of the region. This knowledge is crucial when navigating the complexities of the Iraqi market.
Leveraging smart solutions for a sustainable future
While challenges exist, Iraq’s energy sector also presents an opening for innovative solutions. Iskraemeco’s smart metering solutions for electricity, water, and gas can play a vital role in addressing these issues. Our recent collaboration with the Iraqi Ministry of Electricity, encompassing Baghdad, northern, and central Iraq, will revolutionize grid management and reshape energy consumption. Our cutting-edge smart metering solutions and Symbiot software suite will not only enhance the customer experience but also enable utilities to improve energy management, supporting the government’s plan digitization by installing 10 million smart meters within 5 to 10 years. This ensures the digital transformation outlined in its five-year strategy for a smarter and more sustainable future.
E-Mobility: Driving towards a greener future
Iraq’s Development Plan emphasizes reducing reliance on fossil fuels, aiming to significantly lower the country’s carbon footprint. Iskraemeco’s Iraq Country Manager, Hisham Saeed, sees immense potential for our eMobility portfolio: “Our solution goes beyond just supporting a stable, intelligent, and well-maintained grid. It also protects charging infrastructure for electric vehicles and offers a unified payment gateway. This combination streamlines the electric vehicle charging experience, making it more convenient and facilitating wider adoption of electric cars. Smart metering and eMobility solutions aren’t just about better power management. They also pave the way for educating consumers and utilities about the benefits of smart energy use. By demonstrating the practical advantages – cost savings, reduced energy waste, and lower emissions – these technologies can encourage greener habits for everyone.”
