Mitsubishi set to acquire Smarter Grid Solutions

Mitsubishi Electric Corporation, and its subsidiary Mitsubishi Electric Power Products, Inc., have entered into an agreement to acquire Glasgow-based Smarter Grid Solutions, a global provider of distributed energy resources (DER) management software for power distribution utilities and DER operators.

The acquisition is expected to close in the next several weeks. SGS, founded by Alan Gooding (above left) and Graham Ault (right), will maintain operations in Glasgow and will report to Mitsubishi Electric Corporation’s subsidiary, Mitsubishi Electric Power Products, Inc.

Electric grid operators throughout the world are experiencing an increasingly complex mix of new decentralized power generation and clean energy resources. SGS 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,” said Brian Heery, president and 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.”

“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.