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MarketScreener Homepage  >  Equities  >  Nyse  >  Sempra Energy    SRE

SEMPRA ENERGY

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Sempra Energy : - Building a New and Innovative Energy Grid at PXiSE

11/25/2020 | 11:48am EST

Across the Sempra Energy family of companies, we invest in state-of-the-art technologies, processes and infrastructure to drive our companies forward.

In this Sempra Spotlight series, you'll learn more about how we live our value, 'shape the future.'

PXiSE Energy Solutions is a leading grid controls technology company with over 700 MW of projects across three continents. PXiSE (pronounced 'pice') provides leading smart grid technology that empowers utilities, developers, and asset owners to manage their energy resources and energy delivery more reliably and efficiently with renewable power plant controls, distributed energy resource management systems, and microgrids.

Shaping the Future Grid

PXiSE provides technology solutions to empower utilities, developers and asset owners to manage their energy resources and energy delivery more reliably and efficiently. Backed by 13 U.S. patents, the PXiSE platform offers grid controls solutions for microgrids, distributed energy resource management systems (DERMS) and power plant controls.

PXiSE's technology is designed to enable the transition from a centralized grid with one-way power flow to a more dynamic, high-speed grid with an increasingly diverse portfolio of energy assets and loads. Since its inception, the team has completed over 700 MW of deployments.

Another way to think of the PXiSE technology is as a new operating system for a power grid that is becoming increasingly complex. This includes more complex transportation electrification, the addition of more distributed and renewable assets and an increasingly diverse set of energy resources across the energy sector. PXiSE provides the autonomous controls that orchestrate these resources in an effort to get the best of each and achieve the harmony of resilience, safety, efficiency and cost-effectiveness.

One of the earliest PXiSE projects is a microgrid onsite at Sempra HQ, located on the third floor of the parking structure. The PXiSE microgrid controller helps to reduce the amount of energy taken from the grid during peak demand times, creating cost savings for the building. The microgrid also features islanding capabilities to secure electric reliability in the event of a power interruption. You can read more about the Sempra HQ microgrid on PXiSE's website, along with other case studies highlighting solutions for power plant control, microgrid and DERMS projects worldwide.

Industry Recognition

In 2019 and 2020, PXiSE was selected as a Department of Defense Project of the Year for microgrid controls, and was the youngest company nominated for an S&P Global Platts Grid Edge award. In May 2020, Patrick Lee was appointed as a Distinguished Expert for the California Council on Science & Technology (CCST).

Contact:

Tel: (877) 340-8875

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 11 379 M - -
Net income 2020 3 319 M - -
Net Debt 2020 22 984 M - -
P/E ratio 2020 17,0x
Yield 2020 3,44%
Capitalization 35 035 M 35 035 M -
EV / Sales 2020 5,10x
EV / Sales 2021 5,10x
Nbr of Employees 13 969
Free-Float 99,9%
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Average target price 144,61 $
Last Close Price 121,45 $
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Jeffrey Walker Martin Chairman & Chief Executive Officer
Kevin Christopher Sagara Group Co-President & Executive Vice President
Trevor Ian Mihalik Chief Financial Officer & Executive Vice President
Eric G. Trapp Vice President-Security & Technology
William D. Jones Lead Independent Director
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