GE Digital Will Acquire Opus One Solutions to Advance the Energy Transition
December 21 2021 - 9:15AM
Business Wire
- Combined technology portfolio to enable broad,
rapid adoption of renewables and Distributed Energy Resources
(DERs) at all points on the grid
- Creates interoperable portfolio that will help
utilities forecast, manage, optimize, and trade renewables coming
onto the electric grid
- Merges a century of continuous GE innovation
with a talented team of Opus One engineers and leaders dedicated to
grid innovation
GE Digital (NYSE:GE) has entered into an agreement to acquire
Opus One Solutions Energy Corporation (“Opus One”), 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 make decisions about
how to 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. “With increased
demand for renewable energy and electric vehicles in every region,
challenges for grid and market operators are more acute every
day.”
Ontario, Canada-based Opus One Solutions Energy Corporation is
an innovator in software solutions with its advanced model-based
software platform – GridOS® -- that enables the digital utility.
Through multi-year collaborations, GE Digital and Opus One have
supported customers transitioning to an intelligent and sustainable
energy network with an integrated software portfolio that improves
DER scheduling, dispatch, switching, and operations planning. The
result is an end-to-end solution for utilities to deliver a
resilient and sustainable grid.
“GE’s century of continuous grid innovation combined with Opus
One’s energy-focused team will bring together the brightest minds
to build the new energy ecosystem with our customers,” Walsh said.
“This acquisition reinforces GE Digital’s commitment to helping our
customers transition to a sustainable grid.”
“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,” said Joshua Wong, President
& CEO of Opus One. “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.”
The transaction is expected to close within 30 days.
About GE Digital GE Digital transforms how our customers
solve their toughest challenges by putting industrial data to work.
Our mission is to bring simplicity, speed, and scale to digital
transformation activities, with industrial software that delivers
breakthrough business outcomes. GE Digital’s product portfolio –
including grid optimization and analytics, asset and operations
performance management, and manufacturing operations and automation
– helps industrial companies in the utility, power generation, oil
& gas, aviation, and manufacturing sectors change the way
industry works. For more information, visit www.ge.com/digital.
About Opus One Opus One Solutions Energy Corporation is a
software and solutions company with the vision of a digitalized,
decentralized and decarbonized planet. Its intelligent energy
network analysis platform, GridOS®, optimizes complex power flows
to deliver operational time-frame energy management and integrated
planning to distribution utilities and other managers of
distributed energy resources. GridOS is modular, scalable, and
integrates seamlessly with existing data systems to unlock greater
potential for distributed energy resources, including renewable
generation, energy storage, and responsive demand.
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version on businesswire.com: https://www.businesswire.com/news/home/20211221005380/en/
Media contact: Ellie Holman GE Digital
ellie.holman@ge.com
GE Media Contact Mary Kate Mullaney 202.304.6514
marykate.nevin@ge.com
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