Last week, General Electric (NYSE:GE) announced that its GE Digital business was acquiring Opus One, a company that develops software for managing distributed power systems such as solar power generation, wind farms, and battery storage.
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The electricity grid could get more complex as the transition to renewables gathers pace. It’s likely that this will drive demand for sophisticated grid management software tools.
Although the deal is unlikely to have a meaningful impact on GE’s bottom line in the near term, it could drive high-margin software sales in the long run.
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