ABB has announced its investment in Enbala Power Networks, a developer of software for managing power distribution networks. The investment was made through ABB’s venture capital unit, ABB Technology Ventures.
ABB Technology Ventures (ATV) is ABB’s strategic venture capital unit, investing in high-potential industrial technology and energy companies. ATV has deployed nearly $200 million across a range of technologies.
Together, ABB and Enbala will develop a new distributed energy resource management system (DERMS). This 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.
“We are excited to invest in and partner with Enbala, a fast-growing innovation pioneer recognised for its ground-breaking energy resource control and optimisation software. This investment will lead to a further enhancement of our digital ABB Ability offering, helping customers to maximize opportunities by leveraging distributed energy resources,” says ABB Chief Technology Officer, Bazmi Husain.
According to him, next-generation software solutions will enhance ABB Ability by giving grid operators control over the growing number of distributed energy resources. “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 optimised in real-time as we accommodate more wind mills and photovoltaic panels on roof tops,” he says.
The two companies will also work on new capabilities to integrate distributed energy resources into ABB’s microgrid solutions.
“The investment from a leading technology company like ABB will drive enormous value for our customers and the distributed energy industry,” says Enbala President and CEO Arthur “Bud” Vos. “We believe this partnership will drive further innovation and operational integration, making large scale use of distributed energy a reality. We look forward to working together with ABB on this strategic initiative.”