TOKYO – (COMMERCIAL THREAD) – Yokogawa Electric Corporation (TOKYO: 6841) announces that it has acquired all of the outstanding shares of PXiSE Energy Solutions LLC., A San Diego-based software developer that enables utilities and other grid operators to provide reliable and reliable power. stable by managing renewable and distributed energy resources (RED) in real time. With this acquisition, Yokogawa will leverage its power generation facility monitoring and control capabilities and help customers in the power transmission and distribution industries meet their clean energy goals. .
Renewable energy sources such as wind and solar PV are crucial in reducing greenhouse gas emissions, but the power generated is unpredictable as it is affected by weather conditions. It also requires a much larger number of units spread over a larger area to generate the same amount of power as a conventional power plant. In addition, energy consumers themselves become energy resources when they install solar energy and battery storage systems. These factors change the very nature of the network managed by the public services.
PXiSE (pronounced ‘pice’) was launched in 2016 on the basis of the idea that real-time network data combined with artificial intelligence could be harnessed to help utilities manage the rapidly growing number of energy resources. distributed which are put online each year. Since demonstrating this concept, the company has delivered more than a gigawatt of projects in the United States, Asia and Oceania, helping customers meet their grid management and emissions goals. Prior to the acquisition, the company was a subsidiary of Sempra, a US-based energy infrastructure company, and was partially owned by a subsidiary of Mitsui & Co., Ltd.
PXiSE Active Control Technology (ACT) is an automated grid control software platform that consists of hybrid power plant controls, micro-grid controls and a distributed energy resource management system, enabling optimization overall system by allowing the integration of DER groups alongside traditional network components. It can also maximize the efficiency and production of renewable energy assets at the utility scale. The patented ACT offers higher reliability than conventional power system monitoring and control systems due to its high speed measurement and control, which enables seamless power source transitions. Integration of external data sets and predictive forecasting support optimization of costs and benefits.
In the power industry, Yokogawa has decades of experience in providing and optimizing control systems for conventional power plants around the world, and Yokogawa’s controllers and industrial IoT software platforms take into account loads renewable energy production facilities as well as energy management systems for buildings, factories and communities. . The addition of PXiSE to the Yokogawa Group will enable the company to help global customers involved in the transmission and distribution of electricity to better manage the increasingly diverse energy supply chain, to maximize the deployment of assets. renewable energy and, ultimately, to offer affordable, reliable and sustainable forms. of energy.
“We are delighted to join Yokogawa Electric Corporation, whose deep expertise in power plants and industrial control systems is a natural complement to our innovative grid control technology. The combined expertise of Yokogawa and PXiSE provides tremendous value creation for customers, the energy industry and society, ”said Patrick Lee, CEO and Co-Founder of PXiSE Energy Solutions. “The growth of our market will be significantly enhanced through Yokogawa’s global engineering, sales, service and support network, and Yokogawa will be able to accelerate its expansion into the end-use areas of delivery and electricity distribution. Together, we look forward to becoming global leaders in renewable energy, enabling the transition to clean energy. ”
“Yokogawa believes the decarbonization trend in the energy sector is one of the biggest challenges the company has ever faced,” said Koji Nakaoka, vice president and head of the energy head office. and sustainability and the global sales headquarters of Yokogawa Electric. “PXiSE’s highly innovative technologies address many issues related to the optimal production and integration of renewable and other energy sources, so we are extremely pleased to welcome them to the Yokogawa Group. We look forward to making this exceptional technology available to our customers around the world as soon as possible. ”
Introducing PXiSE Energy Solutions LLC.
Location: San Diego, California, United States
Creation: December 2016
Main activity: Development and implementation of software solutions for a renewable and distributed electricity network
Yokogawa provides advanced measurement, control and information solutions to customers in a wide range of industries including energy, chemicals, materials, pharmaceuticals and food. Yokogawa addresses customer concerns regarding production, asset and supply chain optimization with the effective application of digital technologies, enabling the transition to stand-alone operations.
Founded in Tokyo in 1915, Yokogawa continues to work for a sustainable society through its 17,500 employees in a global network of 119 companies in 61 countries.
For more information, visit www.yokogawa.com
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