Together with its U.S. subsidiary, Mitsubishi Electric Power Products, Inc. (MEPPI), Mitsubishi Electric Corporation 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 management (DERM) 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.
The energy management enterprise software products of Smarter Grid Solutions are used to manage power grids and market participation in energy systems with high volumes of distributed, clean and flexible energy assets. SGS' customers use its DER Management System (DERMS) products 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 (EaaS) and local energy applications.
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 Corporation's subsidiary, Mitsubishi Electric Power Products, Inc.