The Swedish-Swiss electrical engineering corporation ABB has bought out a minority stake in the British startup Gridcog in order to accelerate the implementation of multiactive energy projects. This is reported in a press release from ABB.
Financial terms were not disclosed. The partnership will help ABB customers develop, compare and approve integrated energy projects with a clear assessment of the costs and impacts on carbon dioxide emissions.
The Gridcog software platform provides rapid scenario modeling, design, and simulation to support more consistent and transparent business cases for renewable energy and energy transition projects across diverse geographic regions, energy markets, and asset types. The platform helps quantify financial performance and the impact on carbon dioxide emissions, helping commercial and industrial customers create reliable and data-driven zero-sum roadmaps.
ABB (Asea Brown Boveri) is a Swedish—Swiss multinational corporation in the field of electrical engineering, power engineering and automation. The headquarters is located in Västerås (Sweden) and Zurich (Switzerland).
Gridcog is an energy technology company in the field of software for modeling and optimizing complex energy projects. The headquarters is located in London (England).
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