Yokogawa acquires BaxEnergy

Yokogawa Electric Corporation offers its proven solutions to global energy asset owners, including consulting and after-sales services, and contributes to a resilient and sustainable society.

Yokogawa Electric Corporation (TOKYO: 6841) announces that it has acquired BaxEnergy, a leading provider of renewable energy management solutions (REMS). This acquisition will give Yokogawa a proven range of solutions that have already been adopted by major powers and companies throughout Europe. It will make these available to global energy asset owners, supported by consulting on implementation and after-sales services through its global network.

The remote operation centre of BaxEnergy Italia in Sicily 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 efficiently.

Established in 2010, BaxEnergy provides flexible and scalable REMS that can be implemented without needing modifications to core IT and business systems. The solutions have the unique ability to integrate the management of various renewable power generation facilities. They can analyse data from turbines, inverters, and other power generation equipment from many 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 KPIs and alarm information on all kinds of devices, including smartphones and tablets, giving them the information needed to promptly make decisions that will directly impact revenues and capacity utilisation.

Simone Massaro, CEO of BaxEnergy, said, “We are proud to be part of the Yokogawa family now. Through this relationship, we will be able to scale globally and provide power producers with processes and industry users with our intelligent data engineering and renewable energy management expertise, delivered through our data infrastructure and ecosystem of applications.”

Regarding the acquisition, Koji Nakaoka, a Yokogawa Electric senior vice president and head of the company’s Energy & Sustainability Business Headquarters, said, “Yokogawa contributes to the realisation of a resilient and sustainable society by supporting safe and optimal operations throughout the increasingly diversified energy supply chain. We look forward to leveraging BaxEnergy’s unique strengths to generate synergies and accomplish this aim.”