Mitsubishi Electric acquires DER software company Smarter Grid Solutions
Mitsubishi Electric announced the acquisition of Smarter Grid Solutions — a UK-based company providing software management for the distributed energy resources market.
SGS’ DER management system facilitates the integration of DER into markets and grids, including grid capacity management, interconnection, and energy as a service.
“We are very excited to bring SGS into Mitsubishi Electric. They are committed to the mission of decarbonizing electric power production and have spent the last decade developing world-class products and processes. We look forward to marrying their products with our suite of grid control products to help our customers respond to changes and still get the best performance from their electric grids.” said Brian Heery, president and CEO of Mitsubishi Electric Power Products, Inc (MEPPI).
The acquisition is expected to close in the coming weeks. ME did not disclose the acquisition cost of SGS.
Source: Renewable Energy