ABB Invests In Enbala Power Networks
03 March 2017
ABB said it has invested in Enbala Power Networks, a developer of software for managing power distribution networks.The investment was made through ABB’s venture capital unit, ABB Technology Ventures.
The investment was made through ABB’s venture capital unit, ABB Technology Ventures.
ABB said that today’s grid operators require digital solutions to deal with challenges posed by the increasing amount of intermittent renewable and distributed energy sources being integrated into the grid. This is driven by the need to keep the grid balanced and optimized in real-time as we accommodate more windmills and photovoltaic panels on rooftops, the company said.
ABB and Enbala are joining forces to develop a new distributed energy resource management system (DERMS), which will enable utilities, energy service companies and grid operators to efficiently manage the entire lifecycle of distributed energy resources, like solar and wind, while ensuring safe, secure and efficient operation of the electric distribution network. It will also enable more active participation from energy consumers.
“We are excited to invest in and partner with Enbala, a fast-growing innovation pioneer recognized for its ground-breaking energy resource control and optimization software,” said ABB Chief Technology Officer Bazmi Husain. “This investment will lead to a further enhancement of our digital ABB Ability offering, helping customers to maximize opportunities by leveraging distributed energy resources.”
The two companies will also work on new capabilities to seamlessly integrate distributed energy resources into ABB’s microgrid solutions.
“The investment from a leading technology company like ABB will drive enormous value for our customers and the distributed energy industry,” said Enbala President and CEO Arthur “Bud” Vos. “We believe this partnership will drive further innovation and operational integration, making large-scale use of distributed energy a reality. We look forward to working together with ABB on this strategic initiative.”
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