CrescoNet Announces Acquisition of Greensync

Cellular solutions company CrescoNet announced that the company has acquired leading global DER solutions provider Greensync. Electric utilities will now have greater resources to dramatically simplify and harmonize their integration and control of distributed energy resources (DER).

Through years of pre-integration development and commercial agreements, CrescoNet deX harmonizes the fragmented installed base of DER devices and user applications into a single, cloud-based utility interface.

In turn, deX presents a common API interface to the electric utilities’ existing ADMS, MDMS, and billing and rate engines to facilitate consumer participation and utility control.

CrescoNet deX is a cloud-based, middleware software solution that offers simplicity and scalability for utility DER integration. The company operates independently of installed base AMI systems by reaching directly to edge devices through cloud-to-cloud integration with device manufacturers. 

CrescoNet deX is offered as a software-as-a-service solution and will be delivered directly from the company and through leading systems integrators in North America. 

John Stafford, President, CrescoNet North America, commented, “We believe DER connectivity and control lives at the heart of the electric utilities’ transition to the next generation of the smart grid. As our electric clients and prospects grapple with the integration and management of rapidly growing solar, EV, and battery generation sources, our exciting cloud-to-cloud deX solution unlocks business case benefits with a refreshing, simplified, and cost-advantageous approach. With a single-stoke integration, CrescoNet deX clients can manage and control DER devices at the edge while simultaneously side-stepping the prohibitive costs of specialized metering, specialized hardware, and field installation.”