Battelle has purchased an equity stake in grid management company Gridquant to support Battelle's efforts to bring modeling and analysis technologies to the electricity transmission market, according to the company.
Advanced grid management tools based on Gridquant's Holomorphic Embedding Load-Flow Method (HELM) algorithms allow grid operators to accurately monitor and control the power grid under all operating conditions, Battelle explains.
"HELM is the basis of an expanding family of applications that tells grid operators the exact status of the grid, and how to navigate to the safest and most efficient operating conditions," says Jason Black, grid systems research leader at Battelle.
This equity purchase follows an agreement earlier this year with Gridquant that established Battelle as Gridquant's exclusive provider of consulting services in the U.S. and Canada utilizing the HELM technology, while end-use licenses continue to be available for grid operators and planners.
