Wartsila to Acquire Greensmith for Energy Storage Software

By [email protected] Wartsila, the massive marine and power plant specialist, just announced an acquisition of Greensmith for an undisclosed amount. This follows a recent trend of large firms acquiring small, growing energy storage firms.

This is not an enormous surprise — rumors had been swirling about a Greensmith acquisition for months. And, as Julian Spector reported in GTM Squared, Wartsila had just announced a combined engine and storage power plant product that was powered by Greensmith’s software. In this application, the batteries can act as spinning reserve, allowing the plant to respond quickly to grid needs without having to fire up the generator

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