Mutually beneficial deal enables both companies to focus on key competencies in wind energy management
Albany, N.Y., April 19, 2010 -- CG Automation, a wholly owned subsidiary of MSE Power Systems, Inc., today announced the acquisition of ADMS Wind SCADA and wind turbine monitoring systems technology from Second Wind Systems Inc. of Somerville, Mass. Combining this SCADA technology with its vast expertise in utility automation, MSE Power Systems and CG Automation are now positioned to offer more robust, feature-rich interconnection systems that are essential for smart grid solutions.
CG Automation is a worldwide leader in providing utility automation products and systems to the electric utility and renewable energy industries. Ownership of Second Wind's technology complements CG Automation's portfolio and broadens its services to the renewable energy market. “Integrating Second Wind's ADMS with our XCell Substation Automation products and services will enable CG Automation to provide our customers with sophisticated wind farm management and interoperability that today's smart grid initiatives demand,” said Sam Sciacca, CEO of CG Automation. “In addition we see potential applications for this technology in the solar market.”
“Our ADMS Wind SCADA and Wind Turbine Monitoring Systems are excellent technologies with a significant purpose in today's growing renewable energy market,” said Second Wind CEO Larry Letteney. “We wanted to work with a partner that not only had the expertise, but the passion to grow and continually enhance this important solution because it is vital to the continued development of new energy sources. This deal also gave us the opportunity to put a laser -focus on our remote sensing product, Triton, which has seen tremendous market acceptance and deployment in the two years since we launched.”
About MSE Power Systems
MSE Power Systems, a subsidiary of Crompton Greaves (CG), employs 150 professionals in nine offices across North America. The company provides electrical infrastructure engineering and full turnkey EPC services to the utility & renewable power generation industries. MSE is a leader in renewable energy, with a particular niche in wind power. To date, MSE is responsible for interconnecting 8700+ MW of wind power in the U.S. alone, which represents nearly 25 percent of current U.S. wind power. Several of MSE's completed wind power projects involved providing a bridge from the Second Wind SCADA technology to the utility grid. “Our acquisition of both this technology and CG Automation allows MSE to expand our scope of services to cover the complete integration of renewable generation into the utility grid, which we believe offers tremendous benefits to our clients,” said Mark Scher, MSE Power Systems' CEO.
About Crompton Greaves
Crompton Greaves (CG) is part of the U.S. $4B Avantha Group, a global conglomerate with 20,000 employees operating in over 10 countries. “We intend to use CG's global footprint to take this technology worldwide, especially to Asia and Europe, where renewable energy growth is exponential,” said Vijay Pargaonkar, VP of Business Development for CG.
About Second Wind Systems Inc.
Second Wind develops wind measurement solutions that make wind power facilities more efficient and profitable. With its ability to measure and record wind patterns in a wide variety of locations, Second Wind's sensors and profilers benefit businesses, investors and consumers by supporting the construction of commercially viable wind farms that provide a reliable energy stream. At nearly a million hours of collected data, Second Wind's Triton sonic wind profiler is the industry-leading remote sensing system. For more information about Somerville, Mass.-based Second Wind, please visit www.secondwind.com.
Leslie M. Baker, Vice President, Broadway Marketing Ltd.
Phone: 518-489-3226, ext. 618
Rashid Abdul, VP of Renewable Energy and Industrial Services