July 19, 2016 - 7:00 AM EDT
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Greensmith Energy Expands Global Reach—Signs Agreement with Wärtsilä Energy Solutions to Deliver Energy Storage Systems Globally

Greensmith, one of the largest providers of energy storage software and integration services, announced today it has entered into a cooperation agreement with Wärtsilä. This enables Wärtsilä to deliver energy storage systems integrated with solar PV, and Wärtsilä Smart Power Generation power plants, jointly forming a hybrid energy solution. Greensmith will provide its GEMS software platform to provide the full control for the entire system. Wärtsilä, a global leader in multi-fuel power plants will leverage its significant installed base and provide global EPC (engineering, procurement and construction) and O&M (operation and maintenance) services to customers worldwide. As a combined market solution, Wärtsilä and Greensmith will provide sustainable, reliable, and affordable power — particularly in countries and regions with limited or small electrical grids.

The GEMS platform is the most widely-deployed energy storage software solution—enabling the most-advanced and proven energy storage systems in the world. With its robust yet flexible feature functionality, GEMS continues to set the standard for grid-scale, behind-the-meter, and micro grid storage control architecture.

"We selected Greensmith Energy as a technology partner due to their deep industry knowledge and expertise in delivering safe and reliable grid-scale energy storage and system integration solutions,” said Javier Cavada, President, Wärtsilä Energy Solutions. “We are excited to combine over 18 decades of industry experience with Greensmith technology to further broaden our offering capability by delivery of intelligent energy storage solutions together with our Smart Power Generation and Solar PV solutions.”

This partnership will allow Wärtsilä to extend its offering with Greensmith’s purpose-built control and optimization platform, combined with a unified set of technologies and designed from the ground up to set the standard for the intelligent energy storage and system integration solutions.

“We are honored to partner with a world-class organization like Wärtsilä as we continue to fulfill our vision to deploy the world’s most advanced energy storage solutions to every corner of the world,” said John Jung, President and CEO of Greensmith Energy. “2016 is proving to be pivotal for Greensmith as demonstrated by our partnership with Wärtsilä in addition to deploying over 100 megawatts of energy storage by the end of the year.”

About Greensmith Energy:

As one of the largest providers of energy storage software and integration services, Greensmith's mission is to make energy storage a fundamental part of a cleaner, more intelligent and distributed energy infrastructure. Now in its fifth generation, Greensmith's GEMS software platform optimizes the performance of energy storage by lowering costs and maximizing system return on investment throughout life. In 2014, Greensmith delivered over one-third of all energy storage capacity installed in the United States and in 2015, was selected as the fastest growing energy storage company by Inc 5000. GEMS is currently used by more than 20 major customers globally. Learn more at www.greensmithenergy.com.

About Wärtsilä Energy Solutions:

Wärtsilä Energy Solutions is a leading global supplier of ultra-flexible power plants of up to 600 MW operating on various gaseous and liquid fuels. Our portfolio includes unique solutions for baseload, peaking, reserve and load-following power generation, as well as for balancing intermittent renewable energy. Wärtsilä Energy Solutions also provides utility-scale solar PV power plants, as well as LNG terminals and distribution systems. As of 2016, Wärtsilä has 60 GW of installed power plant capacity in 176 countries around the world.

www.smartpowergeneration.com

About Wärtsilä:

Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasizing sustainable innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2015, Wärtsilä’s net sales totaled EUR 5 billion with approximately 18,800 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq OMX Helsinki.

Greensmith Energy
Mallory Sass
Director of Marketing
408-966-5950
[email protected]


Source: Business Wire (July 19, 2016 - 7:00 AM EDT)

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