GE Acquires Grid Optimization Software Solutions Provider Opus One
Industrial software company GE Digital announced an agreement to acquire grid optimization software solutions provider Opus One Solutions Energy Corporation, aiming to develop solutions for utilities enabling the rapid adoption of renewables and Distributed Energy Resources (DERs).
Jim Walsh, General Manager of GE Digital’s Grid Software business, said:
“Electric utilities around the world face new obstacles with the rapid growth of renewables and DERs. With increased demand for renewable energy and electric vehicles in every region, challenges for grid and market operators are more acute every day.”
Canada-based Opus One helps electric utilities optimize energy planning, operations, and market management. The company’s energy network analysis platform, GridOS, optimizes power flows to deliver operational time-frame energy management and integrated planning to distribution utilities. The platform integrates with data systems to unlock potential for distributed energy resources, including renewable generation, energy storage, and responsive demand.
According to GE Digital, Opus One’s renewable energy planning capabilities combined with GE Digital’s network management and optimization portfolio will help utilities make decisions about how to integrate DERs across the electric grid. The combined software solutions will provide Transmission, Distribution, and Market Operators the ability to plan, onboard, manage, optimize and trade renewables and DERs to enable a sustainable grid.
Joshua Wong, President & CEO of Opus One, said:
“We’ve heard clearly from our utility partners that they need an integrated end-to-end platform to plan, operate, and transact with DERs on their grids. We look forward to becoming an integral part of GE Digital, combining our complementary strengths in best-in-class software solutions. Our commitment is to empower grid operators with the best strategies and technologies, as they solve some of the world’s toughest challenges and greatest opportunities around distributed energy. It’s an exciting time in our mission to enable the energy transition and the grid of the future.”