PowerGEM, a Clifton Park, NY-based provider of simulation modeling software and technical services for the electric power industry, received a strategic growth investment from TA Associates (TA).
The amount of the deal was not disclosed.
This partnership with TA will allow PowerGEM to continue serving its client base, accelerate the release of new offerings, and execute high-growth initiatives.
Founded in 2000, PowerGEM provides power systems transmission reliability and market simulation software products that serve over two hundred North American power systems stakeholders. Its software is utilized by grid operators, including many U.S. ISOs and electric utilities, generation/transmission developers and engineering firms to assess electric transmission grid reliability, as well as the technical and economic impacts of transmission congestion in competitive U.S. electricity markets.
FinSMEs
14/03/2024