Landis +Gyr to acquire smart grid technology firm PowerSense

Source:Landis +Gyr

Landis+Gyr has signed an agreement to purchase PowerSense, a Danish smart grid sensor and monitoring company with global reach to give utilities optimum distribution grid management options Landis+Gyr, the global leader in energy management solutions, announced that it has acquired PowerSense, a global player in smart grid technologies, and will integrate it into its portfolio. With this development, utilities the world over will benefit from a cost effective, scalable and modular solution which has already proven itself in a large roll out. This solution enables utilities to balance and better manage grids in their medium and low voltage distribution network. Further benefits include the provision of key smart grid applications sensing and secondary transformer monitoring.

PowerSense services a fast developing area of the smart grid market, sensors, which is forecast to grow significantly over the next decade across Europe, and the market shows similar potential in North America and the Asia Pacific region. PowerSense develops and produces high-quality supervision and control systems for the power distribution industry. These supervision and control systems have been designed to retrofit and digitalize existing power distribution infrastructures. This enables grid operators to meet the challenges of the future power grids, where an increasing number of distributed power generation options and unpredictable loads will drastically change the power consumption patterns.

Andreas Umbach, CEO at Landis+Gyr says, "PowerSense solutions have been tested and successfully proven in a major rollout in Australia at Ausgrid and in a number of pilot projects internationally. Their patented optical sensor technologies, as well as smart grid monitoring and controller products, perfectly complement Landis+Gyr's portfolio. This acquisition sees the start of a powerful and attractive next generation of products, giving our customers a unique advantage to manage energy better in the fast developing world of smart grid applications."

PowerSense's product line has been designed for digitizing existing power distribution infrastructure, to create an end-to-end Smart Grid solution. This solution is realized by retrofitting sensors onto the existing medium  and low voltage power cables, transformers and switch gear, but also by integration of already installed, electronic devices located at the substation level. When further combined with Landis+Gyr's and Toshiba's existing grid management offerings the product synergies become even more powerful for adopting utilities.

Jesper Klingsten Nielsen, CEO of PowerSense, says, "The PowerSense solution has been developed directly with our customers and so exactly meets market expectations. Landis+Gyr's acquisition of PowerSense will dramatically strengthen developments in the smart grid field globally. This powerful combination will have positive impact on the smart grid space, delivering solutions which enable utility use cases, including better outage management, improved power quality and optimization of asset life."

Since its inception in 2006, PowerSense has sold and delivered products and services to 35 utilities throughout the world, and offers solutions for a number of smart grid applications, including distribution grid management, fault management, the integration of renewable energies and power balancing technologies. Landis+Gyr plans to integrate PowerSense into its European operations.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs