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Mitsubishi acquires DER software firm SGS
- August 24, 2021
- Steve Rogerson
Mitsubishi Electric through its US subsidiary Mitsubishi Electric Power Products is acquiring UK‑based Smarter Grid Solutions (SGS), a provider of distributed energy resources (DER) management software.
Electric grid operators throughout the world are experiencing an increasingly complex mix of new decentralised power generation and clean energy resources. SGS offers flexible, scalable controls that help users 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,” said Brian Heery, CEO of Mitsubishi Electric Power Products. “They are committed to the mission of decarbonising 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”
Noriyuki Takazawa from Japanese parent company Mitsubishi Electric added: “SGS offers innovations that 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. 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.”
SGS is an energy management enterprise software company that operates internationally with offices in Scotland and New York. The company’s products are used to manage power grids and market participation in energy systems with high volumes of distributed, clean and flexible energy assets. Its customers use its DER management system to integrate DER into markets and grids to deliver grid capacity management, flexible interconnection, virtual power plant, microgrid, fleet energy asset operations, energy-as-a-service and local energy applications.
“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 decarbonise their operations,” said Brent Marshall, CEO of SGS.
The acquisition is expected to close in the next several weeks. Upon close, SGS will maintain operations in Glasgow, Scotland, and will report to Mitsubishi Electric Power Products, headquartered in Warrendale, Pennsylvania.