Was 2017 the Year Global Energy Giants Went All-In on the Distributed Energy Revolution?

By District Energy posted 12-28-2017 00:00

  

Jeff St. John, Greentech Media

Summary

It's been an interesting year for mergers and acquisitions in the distributed energy space, with some unexpected developments.

We haven't seen the same massive M&A deals of years past, such as GE’s purchase of Alstom or Honeywell’s acquisition of Elster -- although Tuesday's announcement that smart metering and utility software provider Aclara was being sold for $1.1 billion to Hubbell Inc. helped bring this year's total closer to the peaks of the past. 

But when you look at the activity in 2017, a pattern emerges.

Over the past year, we’ve seen a number of major European energy companies -- and some Japanese, American and Israeli ones as well -- buy into the proposition that providing distributed energy technologies and services to their customers will be a significant part of their futures. 

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