Tantalus acquires smart grid management solution provider Congruitive

The acquisition adds new capabilities to Tantalus’s smart grid solution portfolio to support the growing penetration of electric vehicles and other distributed energy resources.

Silicon Valley-based Congruitive, formerly known as DC Systems, provides the Congruence.IQ software platform as its signature solution to enable the interoperability of a wide range of devices on the smart grid.

With the deployment of C.IQ, a utility’s smart grid deployment should be able an operate as one intelligent, interoperable system, with the necessary scalability and flexibility as more EVs and distributed resources are deployed at the edge of the grid.

Currently, the C.IQ software is being delivered to investor-owned utilities, smart meter vendors and renewable power integrators.

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“Having C.IQ as part of our solution allows us to help public power and electric cooperative utilities prepare for the impact that an increasing number of EVs and rooftop solar panels will have on the reliability of their distribution grids,” commented Tantalus President and CEO, Peter Londa.

Tantalus reports that at a recent users’ conference, representatives from public power and electric cooperative utilities reiterated they are under increasing pressure to maintain operations despite disruptions from extreme weather, mandates to decarbonise and the meteoric rise of EVs, solar panels and other distributed resources.

They are required to deliver safe, reliable and affordable services while relying on legacy distribution grids that are challenged to respond to changing dynamics.

The addition of Congruitive and C.IQ to Tantalus’ TUNet smart-grid platform provides a growing suite of software capabilities for utilities to leverage data to manage their businesses.

“Tantalus’ ability to access granular data and deliver next-generation analytics through TUNet coupled with our ability to transport and integrate data from distribution automation equipment and distributed resources will lead to an even greater range of solutions for the utility industry,” explained Congruitive CEO, Kenneth Munson.

“As utilities digitise their distribution grids, providing interoperability of data from disparate devices is critical to maintaining reliable and expanded services.”

The deal includes $8 million of closing consideration and up to $5 million through a two-year earn-out. Congruitive will become a wholly-owned subsidiary of Tantalus’ US operating subsidiary.