G&W Electric partners with Finnish grid monitoring developer Safegrid
Pictured from left to right: Jussi Hakunti, founder and new president of Safegrid USA, John Mueller, chairman and owner of G&W Electric, Paula Laine, CEO of Safegrid Oy. Image courtesy G&W Electric
Power grid solutions developer G&W Electric has announced a strategic investment in Safegrid, a provider of intelligent grid monitoring solutions based in Espoo, Finland.
The US tech company states in a release that the investment will deepen its expertise in fault location and predictive technologies for medium voltage grids.
Safegrid is the developer of the Intelligent Grid System, an advanced platform utilising instant-on wireless sensors and cloud-based analytics to help utilities and grid operators locate, predict, and prevent grid faults.
According to G&W Electric, the company’s solution is compact and easy to install and has gained traction among utilities in Finland and neighbouring countries, expanding into the United States and European markets.
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John Mueller, chairman and owner of G&W Electric, commented in a release: “The smart grid sector is undergoing a transformative shift driven by decarbonisation, decentralisation, and digitalisation.
“Our investment in Safegrid supports our vision of integrating smart monitoring and predictive analytics into power distribution solutions, helping utilities proactively address grid challenges.”
The investment provides G&W Electric insights into system-level challenges affecting grid performance and the opportunity to collaborate on joint research projects.
Said Paula Laine, CEO of Safegrid Oy: “G&W Electric’s strategic investment demonstrates their strong commitment to our technology and team.
“Our partnership comes at an important time in Safegrid’s history as we continue to make strong inroads into the US with an expanding customer base, growing demand for smart fault solutions, and the recent appointment of our founder, Jussi Hakunti, as our new president of Safegrid USA.”
The company adds that the partnership will help them to enable utilities to monitor the age and health of installed electrical equipment more effectively, improving grid resilience and fault prediction, particularly in extreme weather conditions.
Financial details of G&W Electric’s investment have not been disclosed. Smart Energy International has reached out for comment.
