Yokogawa Electric : Acquires BaxEnergy, a Provider of Renewable Energy Management Solutions

Tokyo, Japan - June 5, 2024

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

The remote operation center of BaxEnergy Italia in Sicily
Zoom

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 maximizing the output of each asset and carrying out maintenance efficiently.

Established in 2010, BaxEnergy provides flexible and scalable REMS that can be implemented without the need for modifications to core IT and business systems. The solutions have the unique ability to integrate the management of a wide variety of renewable power generation facilities, and can analyze data from turbines, inverters, and other types of power generation equipment from many different 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 customized KPI and alarm information on all kinds of devices, including smartphones and tablets, giving them the information needed to promptly make decisions that will have a direct impact on revenues and capacity utilization.

Simone Massaro, CEO of BaxEnergy, said, "We are proud to now be part of the Yokogawa family. Through this relationship we will be able to scale globally and provide power producers and process 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 realization 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."

Outline of BaxEnergy

Headquarters: BaxEnergy GmbH, Hannover, Germany
Operations: BaxEnergy Italia S.r.l., Acireale (CT), Italy
CEO: Simone Massaro
Established: 2010
Number of employees: Approx. 90
Website: https://www.baxenergy.com/

About Yokogawa

Yokogawa provides advanced solutions in the areas of measurement, control, and information to customers across a broad range of industries, including energy, chemicals, materials, pharmaceuticals, and food. Yokogawa addresses customer issues regarding the optimization of production, assets, and the supply chain with the effective application of digital technologies, enabling the transition to autonomous operations.
Founded in Tokyo in 1915, Yokogawa continues to work toward a sustainable society through its 17,000+ employees in a global network of 127 companies spanning 59 countries.
For more information, visit www.yokogawa.com

The names of corporations, organizations, products, services and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation or their respective holders.