Battelle has purchased equity in a grid management technology provider with the goal of bringing modeling and analysis technologies to the electricity transmission market.
The Columbus, Ohio-based nonprofit research organization said it purchased equity in Gridquant, a Savannah, Ga.-based company that develops and deploys tools for managing electric grids.
Battelle and Gridquant previously signed an agreement designating Battelle as the exclusive provider of consulting services in the U.S. and Canada for Gridquant’s Holomorphic Embedding Load-Flow Method.
HELM is the basis in a series of applications that give grid operators status updates, said Jason Black, grid systems research leader at Battelle.
According to Battelle, international utilities have used core HELM technology for nearly a decade.
In December, Siemens‘ U.S. industry sector agreed to buy California-based smart grid technology provider eMeter and integrate it into Siemens' smart grid division, within the infrastructure and cities sector.
Siemens Government Technologies CEO Judy Marks told ExecutiveBiz the company viewed the transaction as an opportunity to grow its energy management solutions business in the federal market.