IHI Acquires ESWare
IHI Energy Storage Acquires ESWare™ Energy Storage Analytics and Optimization Suite from 24M
NEW YORK, BOSTON, and CHICAGO, July 31, 2015
IHI, Inc. has acquired 24M’s ESWare™ suite of analysis and optimization software for grid scale energy storage applications.
ESWare consists of software to assist in planning, deploying, and operating small- to largescale energy storage systems on the grid, both in front of and behind the utility meter. These systems include those tied to solar, wind, bio-mass, and other renewables.
ES/Analyzer, the ESWare pre-sale analytics tool, allows planners to select services to monetize, understand the best dispatch strategy, identify optimal system specifications, and confirm project profitability/rate of return/net present value before deployment.
ES/Optimizer, the run-time optimization component of ESWare, continuously monitors system and market parameters and determines the optimal system set points to maximize system profitability. These system and market parameters include both historical and forecasted load data, time-of-use tariff information, weather-related parameters such as solar irradiance and wind forecasts, battery performance and cost curves and the like.
“We have worked with 24M for several years and have been following the development of ESWare closely,” said IHI Inc.’s president, Tom Yoshida. “We’re very pleased to add ESWare to our portfolio of controls software, which we’ve renamed ES/Pilot, to build out our software solution to address the most critical phases of the energy storage system lifecycle: planning, operating, and optimizing.”
24M is a Boston-based developer of the next-generation of lithium-ion battery technology. Founded and led by some of the battery industry’s foremost inventors, scientists and entrepreneurs, 24M is headquartered in Cambridge, Massachusetts, just blocks away from MIT in the heart of a dynamic innovation ecosystem.
About IHI Energy Storage:
IHI Energy Storage is a Chicago-based subsidiary of IHI, Inc., NY and provider of grid-scale energy storage solutions. As a Systems Integrator IHI provides complete turn-key energy storage systems for the Electric Grid – both in front of and behind the meter. IHI’s solutions include multi-vendor battery and power electronics support and a worldwide sales and support footprint that comes with its 160-year-old parent company, IHI Corporation, Tokyo.
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Marketing Manager, IHI Terrasun Solutions
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