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소아쌤

Doosan Heavy acquires US energy software firm

By Korea Herald

Published : July 12, 2016 - 12:36

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[THE INVESTOR] Doosan Heavy Industries and Construction announced on July 12 that it has established Doosan GridTech by acquiring US-based 1Energy Systems.

Founded in 2011, 1Energy Systems is a developer of energy storage system software. 

1Energy Systems CEO David Kaplan (left) and Doosan GridTech CEO Choi Dae-jin pose after signing the deal in San Francisco on June 30. Doosan Heavy Industries and Construction 1Energy Systems CEO David Kaplan (left) and Doosan GridTech CEO Choi Dae-jin pose after signing the deal in San Francisco on June 30. Doosan Heavy Industries and Construction


Doosan Heavy said that with Doosan GridTech, it has secured industry leading control software, and that it is now capable of carrying out all processes from designing to operating energy storage systems.

The deal, concluded on June 30, is expected to give Doosan Heavy an edge in both domestic and international markets for energy storage systems.

South Korea’s Ministry of Trade, Industry and Energy plans to invest 4.5 trillion won (US$ 3.90 billion) in energy storage systems by 2020.

According to Doosan Heavy, the global market for energy storage systems is expected to grow by more than 20 percent each year to be worth 12 trillion won by 2025.

By Choi He-suk (cheesuk@heraldcorp.com)

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