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Toshiba Corp. has acquired a 76% interest in cyberGRID GmbH, an Austrian developer and provider of virtual power plant (VPP) solutions.

Toshiba says the purchase makes cyberGRID a subsidiary, positioned to enhance Toshiba Group's smart community business in Europe, where progress in introducing renewable energy is driving a need for power management technology. Toshiba notes past strategic acquisitions include Consert Inc., a U.S.-based energy management company, and smart meter company Landis+Gyr.

"cyberGRID's cutting-edge VPP business and technology will be a key solution for Toshiba's smart community,” says Toshiba’s Ryuji Maruyama. “ It overarches energy efficiency facilities on the demand side and smart grid components on the supply side. When integrated with Landis+Gyr's smart metering solution, it gives utilities the ability to develop advanced services for consumers.”



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