Mitsubishi Electric Corporation , along with its US subsidiary Mitsubishi Electric Power Products , has announced that it has entered into an agreement to acquire UK-based Smarter Grid Solutions (SGS). SGS is a provider of distributed energy resources (DER) management software. The acquisition is expected to close in the next few weeks. Upon closure, SGS will maintain operations in Glasgow, Scotland, and will report to Mitsubishi Electric Power Products. SGS offers flexible, scalable controls solutions allowing users to integrate DER for capacity management, flexible interconnection, virtual power plants, microgrids, fleet energy asset operations and energy as a service.
Brian Heery, President and CEO of Mitsubishi Electric Power Products, said: “We are very excited to bring SGS into Mitsubishi Electric. They are committed to the mission of decarbonising electric power production and have spent the last decade developing world-class products and processes. We look forward to marrying their products with our suite of grid control products to help our customers respond to changes and still get the best performance from their electric grids.”