On September 22, 2020, PXiSE Energy Solutions (PXiSE) and Toshiba Energy Systems & Solutions (Toshiba ESS, Headquarters: Kanagawa Prefecture) announced that they have signed a Memorandum of Understanding (MOU) that provides a framework for collaboration on developing new project opportunities for microgrids with an initial focus on Japan and plans to expand to the global market.[1] Mitsui & Co., a Japanese company and PXiSE investor, will also participate in the venture. PXiSE, a Sempra Energy subsidiary based in California, produces a software-based microgrid control platform that can remotely and locally manage interconnected distributed energy resources (DER) and loads. The control platform works in real time, can be grid-connected or standalone, and is designed to efficiently dispatch resources to increase resilience of the system.

The companies believe that by combining Toshiba ESS’s energy system products and expertise in operating virtual power plants with PXiSE software they will be able to capitalize on the growing global need for more flexible and resilient energy systems. According to Guidehouse, a consulting firm formerly known as Navigant Research, the global microgrid market is expected to reach $40 billion by 2028 and total global microgrid capacity is expected to increase from 3.5 GW to 20 GW by 2028. Latin America represents the fastest growing market, but the Asia-Pacific region remains the largest overall market for microgrids and is expected to grow to 7.5 GW by 2028.[2]

[1] https://www.globenewswire.com/news-release/2020/09/22/2097286/0/en/PXiSE-Energy-Solutions-and-Toshiba-Sign-Agreement-to-Develop-Renewable-Energy-and-Microgrid-Projects.html

[2] https://microgridknowledge.com/microgrids-navigant/