Yokogawa acquires BaxEnergy, a provider of renewable energy management solutions

Yokogawa Electric Corporation has acquired BaxEnergy, a provider of renewable energy management solutions (REMS). This acquisition will provide Yokogawa with a range of solutions that have been adopted by major power companies throughout Europe. It will make these available to global energy asset owners, supported by consultation on implementation and aftersales services through its global network.

The remote operation centre of BaxEnergy Italia in Sicily, Italy (Image: Yokogawa)

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 maximising the output of each asset and carrying out maintenance.

Established in 2010, BaxEnergy provides flexible and scalable REMS that can be implemented without the need for modifications to core IT and business systems. The solutions have the ability to integrate the management of a variety of renewable power generation facilities, and can analyse data from turbines, inverters, and other types of power generation equipment from many different manufacturers to improve power generation efficiency. The BaxEnergy solutions have demonstrated the ability to enhance plant availability by up to 10%. By integrating the management of data in a cloud environment, the solutions enable customers to view customised KPI and alarm information on all kinds of devices, including smartphones and tablets, giving them the information needed to promptly make decisions that will have a direct impact on revenues and capacity utilisation.

BaxEnergy CEO Simone Massaro said, “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.”

“Yokogawa contributes to the realisation of a resilient and sustainable society by supporting safe and optimal operations throughout the increasingly diversified energy supply chain,” said Koji Nakaoka, Yokogawa senior vice-president and head of energy and sustainability business HQ. “We look forward to leveraging BaxEnergy’s unique strengths to generate synergies and accomplish this aim.”