PowerGEM
Assembly Line
PowerGEM Welcomes Strategic Growth Investment from TA
PowerGEM, a leading provider of simulation modeling software and technical services for the electric power industry is pleased to announce a strategic growth investment from global private equity firm TA Associates (TA).
Founded in 2000 and headquartered in Clifton Park, NY, PowerGEM’s power systems transmission reliability & market simulation software products serve over two hundred North American power systems stakeholders. The Company’s software is utilized by the nation’s top grid operators, including many U.S. ISOs and electric utilities, generation/transmission developers & engineering firms to assess electric transmission grid reliability, as well as the technical & economic impacts of transmission congestion in competitive U.S. electricity markets.
Electric power industry stakeholders increasingly rely on PowerGEM’s software for simulations, insights, analyses & related technical consulting to optimize decision-making and foster efficient power markets. As the power grid becomes increasingly complex with the shift to renewable generation and the need to maintain reliable performance, this partnership with TA will allow PowerGEM to continue serving its growing client base, accelerate the release of new offerings, and execute high-growth initiatives.