Today, Mitsubishi Electric Power Products (MEPPI) and Mitsubishi Electric Corporation (MELCO) announced they closed the deal to acquire UK-based Smarter Grid Solutions. However, neither SGS nor Mitsubishi Electric disclosed the terms of the transaction. Indeed, SGS is a leading developer of software management solutions for the distributed energy resources (DER) market.
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About the relevance of the DER market
In fact, and it is worth noting, globally, the power electric market is focusing on developing decentralized generation sources; including, for instance, DER and SGS’ enterprise software solutions. Particularly, the latter is used to manage power grids and market participation in energy systems with high penetrations of distributed, clean and flexible energy assets.
Per the acquisition, SGS will now report to Mitsubishi Electric Corporation’s North American power systems subsidiary, Mitsubishi Electric Power Products, Inc. Besides, it will maintain operations in Glasgow, Scotland.
Besides its operations in Scotland, Smarter Grid Solutions (SGS) has offices in Glasgow, Scotland, and New York City. Specifically, the company develops products to manage power grids and market participation in energy systems; particularly, with high volumes of distributed, clean and flexible energy assets.
Further, SGS’ customers use its DER management system (DERMS) products to integrate DER into markets and grids. Accordingly, they deliver grid capacity management, flexible interconnection, virtual power plant, microgrid, fleet energy asset operations, energy as a service (EaaS), and local energy applications.
About Mitsubishi Power Electric and SGS
On the other hand, Mitsubishi Electric Power Products, Inc. has its headquarters in Warrendale, Pennsylvania. Thus, MEPPI is a U.S. affiliate of Mitsubishi Electric Corporation, serving the North American power systems, data center, rail transportation, and extensive visual display markets.
Additionally, MEPPI products include gas circuit breakers, vacuum circuit breakers, power transformers, gas-insulated substations, FACTS, and high voltage D.C. systems. They also incorporate battery energy storage systems, electric generators, nuclear power plant control systems, uninterruptible power supplies, rail transportation equipment, rail signaling systems, and high-definition LED displays.
Lastly, Mitsubishi Electric Corporation has 100 years of experience in providing reliable, high-quality products. Accordingly, it is a recognized world leader in manufacturing, marketing, and sales of electrical and electronic equipment; specifically, customers can use this information to process space development and satellite communications. Also, for consumer electronics, industrial technology, energy, transportation, and building equipment.
Indeed, Mitsubishi Electric aims to enrich society with technology in the spirit of its Changes for the Better. Thus, the company recorded a revenue of 4,191.4 billion yen (U.S.$ 37.8 billion*) in the fiscal year ended March 31, 2021.
