Smarter Grid Solutions

Overview
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Energy Optimization & Management Software?
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Expansion
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Grid Optimization Solutions
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Smarter Grid Solutions develops and delivers Distributed Energy Resource Management System (DERMS) software for energy companies. The company's software enables the monitoring and control of distributed energy asset portfolios. With nearly 15 years of continuous 'on grid' operation experience, Smarter Grid Solutions' DERMS products are utilized by grid utilities, energy service companies, municipal authorities, C&I customers, battery fleet operators, and other energy market participants in Europe and North America. The software manages distributed energy resources (DER) assets and aggregations of various sizes and types. Smarter Grid Solutions' technology provides specialized distributed energy asset monitoring and control methods, building from real-time data to advanced look-ahead DER management and optimization capabilities. This approach helps secure grid and market revenues and value streams. The company's products can be scaled to manage millions of devices simultaneously. In August 2021, Mitsubishi Electric Power Products Inc., a subsidiary of Mitsubishi Electric, acquired Smarter Grid Solutions. Following the acquisition, the company continues to operate from its office in Glasgow under Mitsubishi's Electric Power Products unit.

Key customers and partnerships

Smarter Grid Solutions' customer base includes a mix of national and regional entities. Some of its notable customers are UK Power Networks in England, Hydro One and Alectra Utilities in Canada, SP Energy Networks and Scottish & Southern Electricity Networks in Scotland, Northern Ireland Electricity Networks, ConEdison in New York, and PG&E and Southern California Edison in California. The company also serves other customers worldwide.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Corunna House 39 Cadogan Street Glasgow GBR
Founded year:
2008
Employees:
51-100
IPO status:
Private
Total funding:
USD 8.0 mn
Last Funding:
USD 3.1 mn (Debt Financing; Aug 2015)
Last valuation:
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