Mitsubishi Electric Corporation has announced that it has entered into an agreement to acquire UK-based Smarter Grid Solutions (SGS). SGS is a leading 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 decentralised power generation and clean energy resources. The company offers highly flexible, scalable controls solutions allowing users to integrate DER for capacity management, flexible interconnection, virtual power plants, microgrids, fleet energy asset operations and energy as a service.
“We are very excited to bring SGS into Mitsubishi Electric. They are committed to the mission of decarbonising electric power production and have spent the last decade developing world-class products and processes” Brian Heery, President and CEO of Mitsubishi Electric Power Products, said. “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.”
“SGS offers innovative solutions have helped power utilities in Europe and North America install, manage and optimise renewable energy resources, and we look forward to bringing that DER management core competency to new markets around the globe,” Noriyuki Takazawa, President of energy and industrial systems group at Mitsubishi Electric Corporation, said. “The SGS solutions align with the Mitsubishi Electric Environmental Sustainability Vision to realise a decarbonised society by the year 2050 through reduced greenhouse gas emissions.”