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Blackstone acquires Texas-based electric grid components company

Smart Energy International

US asset manager Blackstone announced that private equity funds affiliated with it have closed the acquisition of Power Grid Components, an electric grid components manufacturer. PGC was founded in 2017 by CEO Rick McClure and Shorehill Capital LLC.

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Smart Energy Finances: Hitachi Energy acquires eks Energy

Smart Energy International

Swiss tech major Hitachi Energy has acquired eks Energy in a strategic move to add power and electronics and energy management software to their ever-growing portfolio. Hitachi Energy called the move part of its strategy to meet global demand for battery energy storage solutions.

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Puerto Rico’s 1.5 million smart meter replacement get go ahead

Smart Energy International

Puerto Rico utility Luma’s smart meters will replace the almost 1.5 million meters that were damaged by Hurricane Maria in September 2017. Other benefits anticipated include faster service response and restoration times, support for new energy savings and efficiency programmes and more accurate invoicing and billing control.

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Generac Acquires Enbala, Boosting Plan to Harness Behind-the-Meter Energy Resources

GreenTechMedia

Generac Power Systems is acquiring Enbala Power Networks, a major step toward putting its market-leading backup generator business and its fast-growing behind-the-meter battery-solar fleet to work as a power grid resource. Canada and Australia, according to Wood Mackenzie data. Leading U.S.

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IP/MPLS secures the journey to a net-zero emissions future

Smart Energy International

After years of nearly flat demand, the energy transition is generating a growing demand for electricity with the most inexpensive non-carbon alternatives being renewables such as solar and wind, which are reaching price parity with coal and gas in many areas of the world. IP/MPLS: Meeting the needs of the modern grid.