What is Greensmith energy?

Greensmith Energy designs and deploys the world’s most advanced energy storage systems. From grid-scale to behind-the-meter and microgrid solutions, the Greensmith GEMS software platform enables effective and efficient delivery of stable power with unsurpassed performance and profitability.

What happened to Greensmith energy management systems?

The technology group Wärtsilä today announces that it has closed the acquisition of Greensmith Energy Management Systems Inc., a market leader in grid-scale energy storage software and integrated solutions.

What is Greensmith gems & Wärtsilä energy solutions?

Greensmith’s GEMS software platform optimizes the performance of energy storage and integrated grid assets by lowering costs and maximizing system return on investment. Wärtsilä Energy Solutions is leading the transition towards a 100% renewable energy future.

How much is Greensmith worth?

In 2016, Greensmith’s revenue was USD 32 million with over 40 employees. The transaction is valued at USD 170 million (enterprise value). Greensmith will operate as a business unit within Wärtsilä Energy Solutions providing both stand-alone energy storage as well as hybridized energy systems, control software, and integration expertise.

Why did Wärtsilä acquire Greensmith?

“The acquisition of Greensmith positions Wärtsilä as a global leader in energy system integration and hybrid solutions”, said Javier Cavada, President of Wärtsilä Energy Solutions.

Who is Greensmith?

As a proven energy storage solutions and software company, Greensmith has integrated and installed over 60 grid-scale systems including an 80MWh turn-key system recently deployed in California in under 4 months to address a capacity emergency.