GE Digital set to buy Opus One to help utilities modernize the grid

Image by budi yanto from Pixabay

Late last year, just before the world closed up for the winter holidays, GE Digital announced that it would be acquiring distributed energy resource management system (DERMS) provider, Opus One.

Opus One announced its grid planning software GridOS Integrated Distribution Planning product with Hawaiian Electric at DISTRIBUTECH International in 2019. The cloud-based software helps utilities “design the grid of the future,” the company said at the time. Immediately following that, Opus One announced a partnership with Ameren to design a transactive energy market.

The Opus One software gives utilities visibility into the distributed energy resources (DER) on their grids and how power flowing to and from those DER affect circuits and helps with other aspects of electricity grid management.

The purchase of Opus One by GE Digital means the two companies combine Opus One’s renewable energy planning capabilities with GE Digital’s network management and optimization portfolio in order to help utilities make decisions about how to integrate renewables and DERs at scale across the electric grid.

Related: Opus One acquires TRC SEEsuite software business to fuel future growth

Transmission, Distribution, and Market Operators will benefit from the combined software solutions, said GE, because it will give them the ability to plan, onboard, manage, optimize, and trade renewables and DERs to enable a modern grid that is reliable, sustainable, and affordable for all. The terms of the deal were not disclosed.

“Electric utilities around the world face new obstacles with the rapid growth of renewables and DERs,” said Jim Walsh, General Manager of GE Digital’s Grid Software business. “With increased demand for renewable energy and electric vehicles in every region, challenges for grid and market operators are more acute every day.”

“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. “Our commitment is to empower grid operators with the best strategies and technologies, as they solve some of the world’s toughest challenges and greatest opportunities around distributed energy. It’s an exciting time in our mission to enable the energy transition and the grid of the future.”

The transaction is expected to close by January 21.

Author

  • Jennifer Runyon is a Senior Content Director at Clarion Energy, writing, editing and posting content on POWERGRID International and planning conference sessions for DISTRIBUTECH's live and virtual events. She is the conference advisory committee chair for DISTRIBUTECH International. You can reach her at Jennifer.Runyon@ClarionEvents.com.

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Jennifer Runyon is a Senior Content Director at Clarion Energy, writing, editing and posting content on POWERGRID International and planning conference sessions for DISTRIBUTECH's live and virtual events. She is the conference advisory committee chair for DISTRIBUTECH International. You can reach her at Jennifer.Runyon@ClarionEvents.com.

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