Mitsubishi Electric and its subsidiary Mitsubishi Electric Power Products has acquired Scottish distributed energy management company Smarter Grid Solutions (SGS).
It acquired the Glasgow headquartered firm for an undisclosed sum. SGS is a global provider of distributed energy resources (DER) management software for power distribution utilities and DER operators.
Electric grid operators throughout the world are experiencing an increasingly complex mix of new decentralized power generation and clean energy resources.
SGS offers flexible, scalable control solutions allowing users to integrate DER for capacity management, flexible interconnection, virtual power plants, microgrids, fleet energy asset operations and energy as a service.
The acquisition is expected to close soon. Upon close, SGS will maintain operations in Glasgow, Scotland and will report to Mitsubishi Electric Corporation’s subsidiary, Mitsubishi Electric Power Products.
“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 chief executive at Mitsubishi Electric Power Products.
Brent Marshall, chief executive at SGS, said: “We are thrilled to join Mitsubishi Electric and expand the reach of our energy management enterprise software to DER customers around the globe and – in turn – assist those customers to better manage DER assets as they strive to decarbonize their operations.”
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