23-Feb-2022 | Market Research Store
Opus One Solutions Energy Corporation ("Opus One"), a software company which enables energy providers to improve market management energy, operations, and planning, has agreed to be acquired by GE Digital. The renewable power –decision-making abilities of Opus One, coupled with the network management and optimization portfolio of GE Digital, will assist utilities in making important decisions on how to integrate Distributed Energy Resources (DERs) and renewables at scale across the electric grid. The combined software solutions will benefit market, distribution, and transmission operators by allowing them to optimize, plan, manage, onboard, and trade renewables & DERs to facilitate an advanced power system that seems to be affordable, sustainable, and reliable, for all. The deal’s terms stayed unveiled.
“With the swift development of renewables and Distributed Energy Resources, grid operators around the world are facing new challenges,” says Jim Walsh, Digital's Grid Software business, GE. "With rising need for renewable power and electric automobiles throughout every region, electricity and market operators face different challenges each day."
Opus One Solutions Energy Corp, located in Ontario, Canada, is a software solution innovative company with its sophisticated model-based software system GridOS® that empowers the digital functionality. GE Digital and Opus One have worked together for several years to help customers shift to a smart and sustainable electricity network by providing an integrated software range that enhances DER planning, deploy, switching, and operational processes. As a result, utilities now have a complete solution for delivering a sustainable and resilient grid.
"With GE's era of constant grid advancement and Opus One's energy focused crew, we have brought together all the best brains to build new energy ecosphere with our clients," Walsh stated. "This procurement reaffirms GE Digital's dedication to assisting our customers to make the transition to a sustainable grid."
"Our power distribution partners have clarified that they require an interconnected end-to-end framework to operate, plan, and conduct business with DERs on their grids. We are excited to be a part of GE Digital, incorporating our diverse skills in finest software applications," stated, Joshua Wong, President and Chief executive officer of Opus One.
"We are committed to providing electric utilities with the finest strategies and tools as they address some of the world’s most tough tasks and biggest opportunities in distributed energy." It's a thrilling moment in our quest to empower the energy revolution and the forthcoming grid."