Yokogawa Electric Corporation acquired BaxEnergy, provider of renewable energy management solutions (REMS). The acquisition will provide Yokogawa with a proven range of solutions that have already been adopted by major power companies throughout Europe. It will make these available to global energy asset owners, supported by consultation on implementation and after-sales services through its global network.
As per the press release, power companies that operate wind, solar, hydro, geothermal, and other types of renewable power generation facilities need to ensure the profitability of these operations by maximizing the output of each asset and carrying out maintenance efficiently.
Simone Massaro, CEO of BaxEnergy said, “We are proud to now be part of the Yokogawa family. Through this relationship we will be able to scale globally and provide power producers and process industry users with our intelligent data engineering and renewable energy management expertise, delivered through our data infrastructure and ecosystem of applications”.
Koji Nakaoka, Yokogawa Electric Senior Vice President and Head of the company’s Energy and Sustainability Business Headquarters said, “Yokogawa contributes to the realization of a resilient and sustainable society by supporting safe and optimal operations throughout the increasingly diversified energy supply chain. We look forward to leveraging BaxEnergy’s unique strengths to generate synergies and accomplish this aim”.
