Through this acquisition, Yokogawa will assist customers in the power transmission and distribution sectors to meet their clean energy goals.
Yokogawa Electric Corporation has recently acquired all of the outstanding shares of PXiSE Energy Solutions, a San Diego-based developer of software that enables utilities and other grid operators to deliver reliable and stable power by managing renewables and distributed energy resources (DERs) in real-time. Through this acquisition, Yokogawa will build on its capabilities in the monitoring and control of power generation facilities and assist customers in the power transmission and distribution sectors to meet their clean energy goals.
The addition of PXiSE to the Yokogawa Group will enable the company to help global customers involved in power transmission and distribution to better manage the increasingly diversified energy supply chain, maximise the deployment of renewable energy assets, and ultimately deliver affordable, reliable, and sustainable forms of energy.
