GE Digital Buying DER Management Software Firm

Source: Geert De Lombaerde · T&D WORLD · | December 21, 2021

The Canadian company was founded in 2011 and works with eight of the top 10 largest utilities in the Fortune 500.

Source: T&D World

The leaders of GE Digital plan to acquire an Ontario-based software company that helps utilities better plan and manage their renewable and distributed energy assets.

Terms of GE Digital’s deal for Opus One Solutions Energy Corp., which was founded in 2011, aren’t being disclosed. The companies have worked together on past projects and officials said Tuesday their plan to join forces will enable them to ramp up their work on DER scheduling, dispatch, switching and operations planning via Opus One’s GridOS software platform and GE Digital’s services portfolio. The acquisition is expected to close in the next month.

“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.” said Joshua Wong, Opus One’s president and CEO and a former head of smart grid work at Toronto Hydro Electric System. “We look forward to becoming an integral part of GE Digital, combining our complementary strengths in best-in-class software solutions. It’s an exciting time in our mission to enable the energy transition and the grid of the future.”

Opus One’s client portfolio includes well-known names such as Southern California Edison, ComEd and Ameren and the company has an office in New York City in addition to its home base in the Toronto area. Earlier this year, the Canadian government awarded Wong and his team $2 million to develop and demonstrate a shared economy model for electric vehicle chargers.