ABB invests in Enbala Power Networks
April 2017, News
ABB has announced investment in Enbala Power Networks, a leading developer of software for managing power distribution networks. The investment was made through ABB’s venture capital unit, ABB Technology Ventures.
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 optimised in real-time as it accommodates more wind mills and photovoltaic panels on roof tops.
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 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 recognised for its groundbreaking energy resource control and optimisation 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 maximise opportunities by leveraging distributed energy resources.”
The two companies will also work on new capabilities to integrate distributed energy resources into ABB’s micro-grid 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.”
For more information contact Shivani Chetram, ABB South Africa, +27 (0)10 202 5090, email@example.com, www.abb.com/za