GE and Evolution Energie collaborate to develop financial tool for energy and multiple commodities
- MoU to develop innovative financial commodity management solutions
- Providing customers with a complete suite to monitor electricity, natural gas and multiple commodities in real time
- A digital tool that will allow customers to follow and optimize their financial energy exposure
PARIS, May 9 2016 – GE (NYSE: GE) and Evolution Energie have signed a Memorandum of Understanding (MoU) to collaborate on expertise and technologies to develop innovative financial energy management solutions for cities, utilities and industrials. This solution will allow customers to access production and consumption of energy in real time along with multiple commodities such as coal, natural gas and water.
In this MoU, Evolution Energie will contribute its software expertise in airport, large industrial firm and commodity trading divisions. GE’s Grid Solutions business will provide its technology and solutions for utilities, harbors, microgrids and cities and will complement this with its integration, cybersecurity, installation and worldwide maintenance capabilities to support global projects.
Evolution Energie is a leading software editor for energy monitoring, environmental reporting, commodities trading and risk management solutions, used by the world’s largest airports and corporations in more than 40 countries. Its Flexinergy software suite today monitors more than 6% of the European Union and Singapore gas and power portfolio.
"Combining our expertise will allow us to penetrate new markets and to jointly accelerate our ambitions," said Erwin Guizouarn, CEO of Evolution Energie. "This will allow large energy players and cities to develop breakthrough energy management solutions for their new smart projects and existing portfolios"
Grid Solutions designs and deploys industry-leading technologies that turn the world on, equipping approximately 90 percent of power utilities worldwide. Uniting all the resources and scale of the world’s first digital industrial company, Grid Solutions will leverage its PREDIX™ platform and applications like Distributed Resources Management System, Market Management Systems, Community Energy Management System, Automation & Control and Telecommunications solutions.
"This is a great example of what our technology can bring to accelerate energy transition worldwide," said Laurent Schmitt, Smart Grid Strategy Leader at Grid Solutions. "Customers will soon be able to access all the information they need, in real time, allowing them to make quick decisions and optimize their financial portfolio."