In an effort to expand its range of products that help utilities integrate renewables onto the U.S. electrical grid, GE Digital plans to acquire Opus One Solutions Energy Corp., San Ramon, CA, a software company that helps electric utilities optimize energy planning, operations, and market management.
Opus One’s renewable energy planning capabilities combined with GE Digital’s network management and optimization portfolio will help utilities integrate renewables and Distributed Energy Resources (DERs) at scale across the electric grid. Transmission, distribution, and market operators will benefit from the combined software solutions, providing the ability to plan, onboard, manage, optimize, and trade renewables and DERs to enable a modern grid that is reliable, sustainable, and affordable for all. The terms of the deal were not disclosed.
"Electric utilities around the world face new obstacles with the rapid growth of renewables and DERs," said Jim Walsh, general manager of GE Digital’s Grid Software business, said in the press release. "With increased demand for renewable energy and electric vehicles in every region, challenges for grid and market operators are more acute every day."
The transaction is expected to close within 30 days.