E.ON invests in US energy storage start-up

E.ON has invested in an American energy storage start-up. It aims to make energy storage “a fundamental part of a cleaner, more intelligent and distributed energy infrastructure”. Greensmith’s software helps optimise the […]

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E.ON has invested in an American energy storage start-up.

It aims to make energy storage “a fundamental part of a cleaner, more intelligent and distributed energy infrastructure”.

Greensmith’s software helps optimise the performance of energy storage by lowering costs and maximising the system’s return on investment.

E.ON has bought stakes in more than a dozen start-ups in the US, Europe and Australia.

Susana Quintana-Plaza, Senior Vice President Technology & Innovation E.ON said: “The energy industry is undergoing a fundamental transformation — E.ON is committed to empowering its customers and promoting decentralised energy solutions while expanding our power grids and making them smarter.

“As such, we needed a partner that could deliver superior results. Greensmith’s innovative software and extensive experience in both battery and PCS [Path Co-ordination System] integration and control will enable us to extend our energy storage activities and to provide better solutions to our customers.”

E.ON recently began implementing an energy efficiency programme in a German engineering firm’s facility.