CALIFORNIA - GE Digital (GE) is to acquire Opus One Solutions Energy Corporation, a software company that 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 are expected to help utilities make decisions about how to integrate renewables and Distributed Energy Resources (DERs) at scale across the electric grid.

 Transmission, Distribution, and Market Operators should 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, GE said in a press release.

Ontario, Canada-based Opus One Solutions Energy Corporation is a provider of software solutions with its model-based software platform that enables the digital utility. Through multi-year collaborations, GE Digital and Opus One have supported customers transitioning to an intelligent and sustainable energy network with an integrated software portfolio that improves DER scheduling, dispatch, switching, and operations planning. The result is an end-to-end solution for utilities to deliver a resilient and sustainable grid.

"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. We look forward to becoming an integral part of GE Digital, combining our complementary strengths in best-in-class software solutions," said Joshua Wong, President & CEO of Opus One.

The transaction is expected to close within 30 days.

Source: GE