GE Digital to Acquire Opus One Solutions to Advance the Energy Transition

GE Digital has entered into an agreement to acquire Opus One Solutions Energy Corporation (“Opus One”), a software company that helps electric utilities optimize energy planning, operations, and market management, all which advance the energy transition. Opus One’s renewable energy planning capabilities combined with GE Digital’s network management and optimization portfolio will help utilities make decisions about how to integrate renewables and Distributed Energy Resources (DERs) at scale across the electric grid. Transmission, Distribution, and Market Operators will benefit from the combined software solutions, providing the ability to plan, onboard, manage, optimize, and trade renewables and DERs to enable a modern grid that is reliable, sustainable, and affordable for all.

The terms of the deal were not disclosed.

Ontario, Canada-based Opus One Solutions Energy Corporation is an innovator in software solutions with its advanced model-based software platform – GridOS -- that enables the digital utility. Through multi-year collaborations, GE Digital and Opus One have supported customers transitioning to an intelligent and sustainable energy network with an integrated software portfolio that improves DER scheduling, dispatch, switching, and operations planning. The result is an end-to-end solution for utilities to deliver a resilient and sustainable grid.

 Rick Rys, ARC Advisory Group, commented, “Opus One will certainly strengthen GE’s ability to provide end to end solutions for utilities that will assist distributed energy and demand response suppliers to participate in the evolving electric grid markets.”