Yokogawa Acquires PXiSE, a developer of high-speed control software for renewable energy grids and plants | Companies

TOKYO – (BUSINESS WIRE) – Jan. December 2021–

Yokogawa Electric Corporation (TOKYO: 6841) announces real-time acquisition of all outstanding shares of PXiSE Energy Solutions LLC Energy Resources (DERs). With this acquisition, Yokogawa will expand its power generation monitoring and control capabilities and help customers in the power transmission and distribution sectors meet their clean energy goals.

This press release contains multimedia. View the full press release here: https://www.businesswire.com/news/home/20211201005473/en/

Integration of DERs and network components through automated network control (graphic: Yokogawa Electric Corporation)

Renewable energy sources such as wind and solar PV are critical to reducing greenhouse gas emissions, however the energy generated is unpredictable as it is influenced by weather conditions. It also requires a much larger number of units spread over a larger area to produce the same amount of electricity as a conventional power plant. In addition, energy consumers become energy resources themselves by installing solar power and battery storage. These factors change the nature of the network that utilities manage.

PXiSE (pronounced “pice”) was launched in 2016 with the idea that real-time data from the network could be used in combination with artificial intelligence to help utility companies manage the rapidly increasing number of decentralized energy resources that go online every year. Since trying this concept, the company has completed more than a gigawatt of projects in the US, Asia and Oceania, helping customers meet both their network management and emissions goals. Prior to the acquisition, the company was a subsidiary of Sempra, a US energy infrastructure company, and was partially owned by a subsidiary of Mitsui & Co., Ltd.

The Active Control Technology (ACT) from PXiSE is an automated network control software platform that consists of hybrid power plant controls, microgrid controls and a distributed energy resource management system and enables holistic system optimization through the integration of DER groups in addition to traditional network components. It can also maximize the efficiency and production of utility-scale renewable energy systems. The patented ACT provides greater reliability than traditional power system monitoring and control systems because of its high-speed measurement and control that enables seamless power source transitions. The integration of external data sets and predictive forecasting support cost and profit optimization.

In the energy sector, Yokogawa has decades of experience providing and optimizing control systems for conventional power plants around the world, and Yokogawa’s controllers and industrial IoT software platforms support renewable energy generation plants and 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 power transmission and distribution better manage the increasingly diversified energy supply chain, maximize the use of renewable energy assets, and ultimately create affordable, providing reliable and sustainable forms of energy.

“We are very excited to join Yokogawa Electric Corporation, whose extensive expertise in power plant and industrial control systems is a natural addition to our innovative grid control technology. Taken together, the expertise of Yokogawa and PXiSE creates tremendous value for customers, the energy industry and society, ”said Patrick Lee, CEO and co-founder of PXiSE Energy Solutions. “Our market growth will be greatly enhanced thanks to Yokogawa’s global engineering, sales, service and support network, and Yokogawa will be able to accelerate its expansion into the end-user power delivery and distribution sectors. Together, we look forward to becoming a global leader in renewable energy and enabling the transition to clean energy. “

“Yokogawa believes the decarbonization trend in the energy sector is one of the greatest challenges society has ever faced,” said Koji Nakaoka, vice president and head of the Energy & Sustainability Business Headquarters and Global Sales Headquarters, Yokogawa Electric. “PXiSE’s highly innovative technologies address many of the problems associated with optimally producing and integrating renewable and other energy sources, so we are delighted to welcome them to the Yokogawa Group. We are pleased to be able to make this outstanding technology available to our customers worldwide as quickly as possible. “

PXiSE Energy Solutions LLC Overview.

Location: San Diego, California, USA

Founded: December 2016

Core business: Development and implementation of software solutions for a renewable and decentralized power grid

About Yokogawa

Yokogawa provides advanced measurement, control and information solutions to customers in a wide variety of industries, including energy, chemicals, materials, pharmaceuticals and food. Yokogawa addresses customer questions related to the optimization of production, plants and supply chain through the effective use of digital technologies, thus enabling the transition to autonomous operation.

Yokogawa was founded in Tokyo in 1915 and, with its 17,500 employees in a global network of 119 companies in 61 countries, continues to campaign for a sustainable society.

More information is available at www.yokogawa.com

The company, organization, product, service, and logo names herein are either registered trademarks or trademarks of Yokogawa Electric Corporation or their respective owners.

View source version on businesswire.com: https: //www.businesswire.com/news/home/20211201005473/en/

CONTACT: Media contact

PR Section, Integrated Communication Center

Yokogawa Electric Corporation

Email: [email protected]

KEYWORD: UNITED STATES JAPAN NORTH AMERICA ASIA-PACIFIC CALIFORNIA

INDUSTRY KEYWORD: DATA MANAGEMENT TECHNOLOGY UTILITIES ALTERNATIVE ENERGY ENERGY SOFTWARE

SOURCE: Yokogawa Electric Corporation

Copyright Business Wire 2021.

PUB: 12/01/2021 9:00 PM / DISC: 12/01/2021 9:02 PM

http://www.businesswire.com/news/home/20211201005473/en

Comments are closed.