EnerTech Portfolio Company Enbala lands ABB as an Investor
Zurich, Switzerland, February 23, 2017 - Next-generation software solutions will enhance ABB Ability TM by giving grid operators control over the growing number of distributed energy resources
ABB announced today it has invested 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 optimized in real-time as we accommodate 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 efficiently 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.
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