Doosan Heavy Industries & Construction (DHIC) has announced the acquisition of 1Energy Systems. 1Energy Systems possess cutting-edge software technology for energy storage systems (ESS) that integrate distributed energy resources automatically into the electric power system.
The acquisition furthers Doosan’s expansion into ESS solutions for operating increasingly digital, distributed electric grids.
“Wind, solar power, and energy storage are changing how the grid operates,” said David Kaplan, 1Energy CEO who will become COO of Doosan GridTech. “Intermittent and distributed sources of both energy demand and generation require a dynamic, digital grid, where power flows both ways – to and from the end customer. 1Energy was founded to solve these problems, and becoming part of Doosan helps us further our mission.”
Doosan GridTech provides advanced software controls that control complex operations of electrical grids, as well as rapidly emerging microgrids. The software helps unlock the opportunities of battery storage, enabling utilities to manage distributed resources and capture new value streams across the grid.
“Doosan’s global customers are confronting two critical, long-term trends: Increased electrification of the world’s energy systems driven by public policies to reduce carbon emissions, and the declining costs of renewable technology,” said Ji Taik Chung, DHIC vice chairman and COO. “1Energy’s technologies directly address these trends and perfectly complement Doosan’s existing power generation solutions.”
Today, 1Energy has approximately 30 MW of energy storage projects using its platform.
“Doosan chose 1Energy for its advanced technology platform, deep understanding of the challenges faced by power system operators and their substantial customer traction. We view 1Energy as a critical component of enabling the grid of the future, one that is in alignment with Doosan’s global growth trajectory,” said Daejin Choi, the new CEO of Doosan GridTech.
Edited from press release by Angharad Lock
Read the article online at: https://www.worldcoal.com/power/18072016/doosan-acquires-1energy-systems-2034/