NEW YORK, NY and TORONTO, ON--(Marketwired - Sep 13, 2016) - Energy Impact Partners (EIP) today announced that it has closed an investment in Opus One Solutions (Opus One), a leading smart grid software company.
This investment is the first external round raised by Opus One and will be used to drive geographic expansion and accelerate deployments of its GridOS® solution platform. GridOS® enables electric distribution utilities to increase the adoption and management of distributed energy resources, including renewable generation, energy storage, microgrids and responsive demand such as electric vehicle charging networks. By supporting the implementation of 100% clean energy capacity, benefits also include enhanced customer satisfaction, reduced energy cost and new business models for utilities and empowered energy customers.
"We look for emerging companies with real answers to today's energy challenges -- solutions that are ready to scale with the help of our utility partners," commented Hans Kobler, CEO and Managing Partner at EIP. "Opus One can become a key building block in the software-driven intelligent grid, and we and our partners are looking forward to working with them."
"Opus One addresses a major utility issue by delivering real-time visibility on the electric distribution system in a modular fashion - providing a more accurate, cost-effective solution," said Sameer Reddy, a Vice President at EIP who led the deal. "They extend the benefits with adaptive control layers that optimize a wide variety of distributed assets, then take this capability a step further to enable transactive energy, which is the future of the electricity grid."
"EIP brings not only growth capital, but the unique value of a broad coalition of utility partners," said Joshua Wong, founder and CEO of Opus One Solutions. "This investment will support our market expansion in both North America and internationally, allowing us to leverage existing utility project deployments that demonstrate Opus One's ability to shape the modern grid. We are delighted to welcome EIP as our lead investor."
About Energy Impact Partners
Energy Impact Partners is a collaborative strategic investment fund that invests in companies optimizing energy consumption and improving sustainable energy generation. Through close collaboration with its strategic investor base, EIP seeks to bring the best companies, buying power and vision in the industry to bear on the emerging energy landscape. EIP's partners include Southern Company (NYSE: SO), National Grid (NYSE: NGG), Xcel Energy (NYSE: XEL), Ameren (NYSE: AEE), Great Plains Energy (NYSE: GXP), and Fortis Inc. (TSX: FTS). For more information, visit www.energyimpactpartners.com
About Opus One Solutions
Opus One Solutions is a software engineering and solutions company with the vision of a connected energy internet, delivering real-time energy management to the modern grid. Through GridOS®, its operation and operational planning platform, Opus One delivers a new level of visibility and control to electricity distribution utilities by solving and optimizing complex power flows. Seamlessly integrating with existing utility data systems, modular and scalable GridOS® applications provide powerful grid management capabilities to unlock greater potential for distributed energy resources, including renewable generation, energy storage and responsive demand. GridOS® further facilitates the management of microgrids from homes to communities for unparalleled resiliency and value to the empowered electricity customer. For more information, visit www.opusonesolutions.com.