Mitsubishi Electric has announced it will acquire Smarter Grid Solutions, the UK-based provider of distributed energy resource (DER) management software for power distribution utilities and operators.
Brian Heery, president and chief executive of Mitsubishi Electric Power Products said, “We look forward to marrying [SGS] 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, group president of Mitsubishi Electric Corporation’s energy and industrial systems group said, “SGS offers innovative solutions that have helped power utilities in Europe and North America install, manage and optimize renewable energy resources, and we look forward to bringing that DER management core competency to new markets around the globe.”
The acquisition is expected to close in the next several weeks. SGS will maintain its operations in Glasgow, Scotland and will report to Mitsubishi Electric Corporation’s subsidiary, Mitsubishi Electric Power Products, Inc.