Wartsila is to acquire storage company Greensmith Energy Management Systems. Wartsila says the acquisition will “to expand its footprint in the energy storage market and position itself as a leading global energy systems integrator.”
Greensmith’s energy management software system, GEMS, enables utilities, EPC companies and independent power producers to manage and monitor individual systems or fleets of systems. The company also offers a commercial and industrial and micro-grid solution called Omni4.
Wartsila, which started as a back-up and short-term power specialist, explained, “Energy storage is expected to grow exponentially as it becomes an integral part of any energy system. With this in mind Wärtsilä aims to become a global systems integrator with full in-house capabilities specialising in solutions that offer the combination and optimisation of different forms of power generation, energy storage and demand side management.”