GE Vernova & EnergyHub Join Forces For DER Management, Grid Optimization
Portfolio Pulse from Shivani Kumaresan
General Electric's GE Vernova's Digital business has partnered with EnergyHub to enhance the management and optimization of Distributed Energy Resources (DERs). The collaboration aims to create an efficient tool for overseeing emerging energy assets, enhancing grid load adaptability, and refining grid operations. GE Vernova's GridOS DERMS, which serves over 90 clients and oversees 127 million utility service touchpoints globally, will be combined with EnergyHub's vast DER portfolio.
September 26, 2023 | 5:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
GE's partnership with EnergyHub to enhance DER management and grid optimization could potentially boost its position in the energy sector. However, the company's shares are currently trading lower.
The partnership with EnergyHub could potentially strengthen GE's position in the energy sector by providing an efficient tool for managing emerging energy assets. This could attract more clients and increase revenues in the long run. However, the immediate impact on the stock price is uncertain as the shares are currently trading lower.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100