KEY POINTS
- Mitsubishi Electric agrees to acquire PCI Energy Solutions for $1.4 billion
- Deal adds U.S. power trading and generation scheduling software used across 60% of U.S. electricity generation
- Transaction is expected to close in 2026 after regulatory approvals and customary conditions
Mitsubishi Electric said on August 20 it had agreed to acquire all equity interests in U.S.-based PCI Energy Solutions for $1.4 billion, making the energy management and optimization software provider a wholly owned subsidiary.
The Japanese industrial group reached the agreement with PCI on August 20, Japan time. The transaction is expected to close in 2026, subject to regulatory approvals and other customary closing conditions.
PCI Energy Solutions, whose registered name is Power Costs, Inc., develops software for energy trading management and optimization for energy operators mainly in North America. Founded in 1992, the company is headquartered in Norman, Oklahoma, and is led by Chief Executive Officer Fred Lee.
PCI’s software supports power trading, generation, transmission and distribution operations, supply-demand planning, risk management and settlement. Mitsubishi Electric said PCI has particular strengths in demand forecasting, generation scheduling and power trading, and that its platform is used for 60% of electricity generation in the United States.
PCI posted consolidated revenue of $59.3 million in 2023, $67.8 million in 2024 and $81.4 million in 2025.
Mitsubishi Electric said the acquisition fits its medium-term management strategy announced on May 29, which identified smart energy as a focus area. The company plans to combine PCI’s optimization technology with Mitsubishi Electric’s control technology and component expertise, while also using its BLEnDer energy management solution and Serendie digital platform to expand offerings in energy management and optimization.
Power systems have become more complex with broader use of renewable energy, the spread of distributed energy resources and rising electricity demand. Software for dispatch, trading and balancing has become more important as utilities and other energy operators manage more variable power supply and more active wholesale markets.