January 6, 2022 – GE Digital has entered into an agreement to acquire Opus One Solutions Energy Corp., an Ontario-based software company that helps electric utilities optimize energy planning, operations, and market management.
“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,” said Jim Walsh, general manager, GE Digital’s Grid Software business. “This acquisition reinforces GE Digital’s commitment to helping our customers transition to a sustainable grid.”
“Electric utilities around the world face new obstacles with the rapid growth of renewables and [distributed energy resources],” added Walsh. “With increased demand for renewable energy and electric vehicles in every region, challenges for grid and market operators are more acute every day.”
Opus One’s renewable energy planning capabilities, combined with GE Digital’s network management and optimization portfolio, aim to help utilities make decisions about how to integrate renewables and distributed energy resources “at scale across the grid”, says GE Digital.
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, adds GE Digital, “to enable a modern grid that is reliable, sustainable, and affordable for all”.
“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, president & CEO of Opus One. “We look forward to becoming an integral part of GE Digital, combining our complementary strengths in best-in-class software solutions.”
GE Digital’s product portfolio includes grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation.
Opus One’s energy network analysis platform—GridOS—optimizes power flows to deliver operational time-frame energy management and integrated planning to distribution utilities and other managers of distributed energy resources.
Terms of the deal were not disclosed. The transaction is expected to close this month.
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