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CrescoNet acquires Greensync and brings advanced DER to North America

  • CrescoNet acquires Greensync and brings advanced DER to North America

About the entity

CrescoNet
Integrating multi-application public and private M2M networks for utilities.
Analytical Technology (ATi)

Themes

CrescoNet has acquired the leading global DER solutions provider Greensync. Electric utilities will now have greater resources to dramatically simplify and harmonize their integration and control of distributed energy resources (DER). The proven solution allows CrescoNet electric customers to dramatically lower costs, raise customer engagement, and introduce new revenue streams. CrescoNet deX is the next step in CrescoNet’s strategy to rapidly innovate, integrate, and deliver product solutions and services for electric, water, and gas utilities worldwide.

John Stafford, president for CrescoNet North America, commented, “We believe DER connectivity and control lives at the heart of the electric utilities’ transition to the next generation of the smart grid. As our electric clients and prospects grapple with the integration and management of rapidly growing solar, EV, and battery generation sources, our exciting cloud-to-cloud deX solution unlocks business case benefits with a refreshing, simplified, and cost-advantageous approach. With a single-stoke integration, CrescoNet deX clients can manage and control DER devices at the edge while simultaneously side-stepping the prohibitive costs of specialized metering, specialized hardware, and field installation.”

CrescoNet deX is a cloud-based, middleware software solution that delivers simplicity and scalability for utility DER integration. It operates independently of installed base AMI systems by reaching directly to edge devices through cloud-to-cloud integration with device manufacturers. Through years of pre-integration development and commercial agreements CrescoNet deX harmonizes the fragmented installed base of DER devices and user applications into a single, cloud-based utility interface. deX then presents a common API interface to the electric utilities’ existing ADMS, MDMS, and billing and rate engines to facilitate consumer participation and utility control.

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