Alstom Reinforces Smart Grid Capabilities with Psymetrix Acquisition
Alstom Grid has completed its acquisition of Psymetrix, the U.K.-based smart grid applications company with international expertise in wide-area monitoring systems (WAMS), a key technology segment in the electrical grid control room market.
Psymetrix was created in 1997 and has since established a strong reputation in phasor-based applications and on-line stability solutions for grid utilities. With a staff of 10 employees, the company now provides its products and services to 18 customer utilities worldwide and generated around 2 million euros in sales in 2010.
The company will bring complementary expertise to Alstom's smart grid on-line stability solutions and will continue to operate from its Edinburgh headquarters, retaining the same staff and its quality products and solutions.
Psymetrix software gives transmission system operators (TSOs) and power utilities the ability to increase power transfers in their systems and improve the reliability of their networks while decreasing overall system risk. By combining their expertise, Alstom and Psymetrix plan to develop and launch new critical software applications for power electronics, advanced control, substation automation, grid self-healing and defense plans, targeting grid utilities as well as power plant operators.
Alstom Grid and Psymetrix have already established a track record of successful joint projects in South Africa and Sweden, providing comprehensive integrated energy management system and WAMS platforms such as those currently under delivery to Swedish TSO Svenksa Kraftnät.
For more information, visit or www.alstom.com or www.psymetrix.com.
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