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Back to News


GE VERNOVA ACQUIRES GREENBIRD TO ACCELERATE GRIDOS® INNOVATION AND HELP
UTILITIES REDUCE THE COMPLEXITY OF ENERGY DATA INTEGRATION

Press Releases, Company news
 * Acquisition highlights GE Vernova’s commitment to invest strategically in
   technologies and talent that help accelerate the sustainable energy grid

 * Greenbird’s utility-focused technology and data integration experts will
   expand the capabilities of the company’s GridOS® software portfolio, allowing
   grid operators to more easily connect systems and integrate data at scale
 * Reducing the complexity of big data integration for utilities creates more
   opportunities for AI-driven grid automation and enables them to move at speed
   to meet decarbonization targets and electrification demand while managing
   climate-related disruptions
   


CAMBRIDGE, MA. – August 14, 2023 – GE Vernova’s Digital business today announced
it has acquired Greenbird Integration Technology AS, a data integration platform
company focused on utilities. This acquisition highlights GE Vernova’s
commitment to investing in technologies and talent that help accelerate the
sustainable energy grid. The platform will accelerate GridOS®, the world’s first
software portfolio designed specifically for grid orchestration, adding new
capabilities for connecting systems and integrating data across the grid more
easily and at scale. The financial terms of the acquisition are not being
disclosed.

“Utilities have an urgent need to connect data from multiple sources to gain
visibility and effectively automate their grid operations. Fragmented data is a
major obstacle to modernizing the grid and is holding the energy transition
back,” said Scott Reese, CEO of GE Vernova’s Digital business. “The Greenbird
acquisition brings the proven ability to connect multiple data sources and
accelerates our vision for GridOS that is making energy security a reality for
many of the world’s leading utilities. Data and AI are key to helping utilities
run a reliable and resilient grid and this acquisition is a massive accelerant
to making that vision a reality for utilities of all sizes.”

The GridOS orchestration software platform and application suite enables secure
and reliable grid operations while delivering resiliency and flexibility needed
by utilities worldwide. GridOS delivers these tools with the cloud service
provider and system integrator partner ecosystem necessary to accelerate grid
modernization and the energy transition. The software portfolio uses a federated
data fabric to pull together energy data, network modeling, and AI-driven
analytics from across the grid. The Greenbird acquisition will expand the
capabilities of the data fabric, eliminating data silos to make it faster and
easier to connect and aggregate energy data, reducing the time and expense of
data integration projects. This also better connects modern software like
Advanced Energy Management System (AEMS), Advanced Distribution Management
Solutions (ADMS), and Distributed Energy Resource Management System (DERMS),
creating new opportunities for grid automation.

“Having access to utility data in context gives grid operators an opportunity to
better leverage AI for automation and potentially enables the grid to be
self-describing and self-healing in the future,” said Mahesh Sudhakaran, General
Manager, Grid Software at GE Vernova’s Digital business. “This is the vision we
have for grid orchestration enabled by the GridOS portfolio, and this
acquisition provides both the technology and the talent to help us get there.”

“We started in 2010 with a mission to simplify data integration for utilities,
helping them leverage data to run smarter, more efficient analytics-driven
services to accelerate the energy transition,” said Thorsten Heller, CEO of
Greenbird Integration Technology. “Our technology platform is purpose-built to
support a distributed data and IT architecture and aligns perfectly with GE
Vernova’s vision for the GridOS federated grid data fabric and one network
model, providing the data foundation utilities need to transform their
operations.”

An example of the need for more connected and integrated data is evident in the
exponential growth predicted for electric vehicles (EVs) – there are expected to
be 77M EVs on the road by 2025 and 229M by 2030 – that will both draw from and
possibly contribute to the grid as “rolling batteries” that can be tapped when
demand is high and supply is low. Integration of data from multiple sources like
charging stations as well as operations, forecasting, billing, and other systems
can support the success of future use cases such as vehicle-to-grid (V2G) while
keeping the grid safe.

Data integration is also key to solving renewables connection challenges.
Approximately 1,350 gigawatts of additional, mostly sustainable power capacity
is waiting to be constructed and connected to the grid. This large-scale
interconnection backlog results in wasted capacity and unutilized investment.
Scenario planning and grid simulations can provide an opportunity to increase
line capacity and drive deeper visibility into the impact of such assets on the
grid, allowing capacity to be connected faster and helping to reduce hundreds of
millions of dollars of traditional back-up generators. Such use cases require
the integration of forecasting, simulation, historical grid OT, sensor, line,
and inertia data.

The Greenbird integration platform is delivered as a service (iPaaS) and is
built with containerization and a suite of cloud services, which will accelerate
the availability of key GridOS components. In addition, GE Vernova welcomes
Greenbird’s innovative team to the Grid Software group, including data
specialists skilled in developing and deploying distributed data processes at
scale for utilities. The acquisition will advance the AI- and data-driven vision
for GridOS that GE Vernova’s Digital business believes will solve grid
orchestration challenges while cultivating an energy data ecosystem that
advances decarbonization and electrification at scale.

Learn more about GridOS here.

About GE Vernova’s Digital Business

GE Vernova’s Digital business is putting data to work to accelerate a new era of
energy. We deliver the platforms and intelligent applications necessary to
accelerate electrification and decarbonization across the energy ecosystem –
from how power is created, how it is orchestrated, to how it is consumed. More
than 20,000 customers around the globe use our software to help plan, predict,
manage, and optimize operations today for a sustainable tomorrow. For more
information, visit www.ge.com/digital.

About Greenbird Integration Technologies

Greenbird is an international solution and technology company with roots in
Norway. We simplify the complexity of Big Data Integration to help organizations
unlock the value of their data and mission critical applications. Our flagship
innovation, Utilihive, is a cloud-native platform combining enterprise
integration capabilities with a data lake optimized for energy use cases. We
founded Greenbird in 2010 with a mission to revolutionize how the energy
industry thinks about enterprise system integration. Today, Utilihive is used by
more than 230 utilities across Europe, Middle East and Asia serving more than 50
million consumers. Greenbird is headquartered in Oslo and has around 50
employees, comprising primarily of senior developers and consultants and
specializing in technology development and customer onboarding of the Utilihive
platform. To learn how you can unleash the value of data while removing silos,
explore more at www.greenbird.com.

Media contact:

Rachael Van Reen

rachael.vanreen@ge.com

Frederik ten Sythoff
August 14, 2023
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