The technology group Wärtsilä has signed an agreement to acquire Greensmith Energy Management Systems Inc., an American leading firm in energy storage technology and solutions software. This software, called GEMS is become world leader in energy management, presently it is offering its 5th generation. The platform enables utilities, Engineering Procurement and Construction companies and Independent Power Producers to manage and monitor individual systems or entire fleet of systems, identifying and diagnosing equipment issues in real time, and extending system performance and longevity—therefore increasing return on investment. The company also offers a Commercial and Industrial (C&I) and micro-grid solution called OMNI4.
The closing of the transaction is subject to US regulatory approvals. Ownership of the company will be transferred to Wärtsilä after closing of the transaction which is expected to occur no later than July 2017. With this acquisition Wärtsilä will expend its footprints in the energy storage market and it may get lead globally.
Greensmith is a recognised leader in energy storage technology and systems integration, responsible for deploying about a third of total US energy storage capacity in 2016. Specialising in energy storage optimisation and integration software, the company today employs over 40 people and has delivered in excess of 180 MW to some of the largest power companies globally.
Wärtsilä has more than 63 GW of installed power capacity across 176 countries. with this solution, Wärtsilä will offer significant opportunities for hybrid and energy storage solutions along with full in-house capabilities that combine and optimize different forms of power generation, energy storage and demand-side management
For details visit Wärtsilä.