Sale to industrials
Greenbird sold to GE Vernova
GE Vernova acquires Greenbird to accelerate GridOS innovation and help utilities reduce the complexity of energy data integration

On 14 August 2023 - GE Vernova announced that it has acquired 100 % of the shares in Greenbird Integration Technology AS (“Greenbird”), the leading data integration platform company focused on the utilities sector.

Greenbird’s foundation is rooted in a deep understanding of the energy sector, coupled with outstanding engineering skills. Their flagship innovation, Utilihive, is a cloud-native integration platform designed for energy applications, offered as a service (iPaaS). Supported by major sustainability investors like ETF, Nysnø, and EnBW New Ventures, the company has since its founding successfully grown its customer base in the global utilities industry. Finding the right partner to support the future growth of the company was seen as vital, and Alpha was selected as the financial advisor to support the partner search.

Thorsten Heller, CEO of Greenbird, said, “Our technology platform is purpose-built to support a distributed data and IT architecture and aligns perfectly with GE Vernova’s vision for the GridOS federated grid data fabric and one network model, providing the data foundation utilities need to transform their operations.”

The acquisition highlights GE Vernova’s commitment to investing in technologies and talent that help accelerate the sustainable energy grid, through accelerating GridOS, the world’s first software portfolio designed specifically for grid orchestration.

“The Greenbird acquisition brings the proven ability to connect multiple data sources and accelerates our vision for GridOS that is making energy security a reality for many of the world’s leading utilities. Data and AI are key to helping utilities run a reliable and resilient grid and this acquisition is a massive accelerant to making that vision a reality for utilities of all sizes," said Scott Reese, CEO of GE Vernova’s Digital business.

GE Vernova’s Digital business is one of the world’s leading providers of the platforms and intelligent applications necessary to accelerate electrification and decarbonisation across the energy ecosystem.

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