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GE Digital to Acquire Opus One Solutions to Advance the Energy Transition.

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Vincent

MANews-(C)2009-2021

US-based conglomerate GE's (NYSE: GE) GE Digital industrial software subsidiary has entered into an agreement to acquire Canadian software company Opus One Solutions Energy Corp, the company said.

Opus One Solutions Energy's software helps electric utilities optimize energy planning, operations, and market management.

Opus One's renewable energy planning capabilities combined with GE Digital's network management and optimization portfolio will help utilities make decisions about how to integrate renewables and Distributed Energy Resources at scale across the electric grid.

GE Digital said that 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 to enable a modern grid that is reliable, sustainable, and affordable for all.

The terms of the deal were not disclosed.

Ontario, Canada-based Opus One Solutions Energy Corp. is in software solutions with its advanced model-based software platform GridOS.

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