Mitsubishi Electric Corporation has agreed to acquire 100% of US-based energy software company PCI Energy Solutions for a base purchase price of $1.4 billion, in a deal aimed at expanding its energy management and optimisation business.
Under the agreement signed on August 20, Mitsubishi Electric will acquire all equity interests in PCI, subject to regulatory approvals and other customary closing conditions. The transaction is expected to be completed within 2026, after which PCI will become a wholly owned subsidiary of Mitsubishi Electric.
PCI develops enterprise software for power companies, including utilities, independent power producers and other wholesale market participants. Its platforms support power trading, generation and transmission operations, demand forecasting, scheduling, risk management and settlement, primarily across North America.
The acquisition comes as electricity markets face greater complexity from rising renewable energy deployment, growth in distributed energy resources, increasing electricity demand and greater market volatility. Mitsubishi Electric said these developments are driving demand for systems that can integrate forecasting, scheduling, trading and operational decision-making.
PCI has built a recurring-revenue software business serving the North American power market. Mitsubishi Electric said approximately 60% of power generation in the United States is managed through the PCI platform. PCI’s core capabilities include load forecasting, generation scheduling, portfolio optimisation, power trading, risk management and settlement.
Mitsubishi Electric plans to combine PCI’s optimisation technologies with its own control technologies and component expertise. The company also intends to use its BLEnDer energy management solution and Serendie digital platform as part of efforts to broaden energy management and optimisation offerings globally.
PCI, legally known as Power Costs, Inc., is headquartered in Norman, Oklahoma, and was established in 1992. Its reported net sales increased from $59.25 million in 2023 to $81.38 million in 2025.
The $1.4 billion figure represents the base value for a 100% equity interest. The final purchase price will be determined after customary closing adjustments, including cash, debt and working capital.
Source: This article is based on an official press release issued by Mitsubishi Electric
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