RCS - PSI Software SE - E.ON and PSI have concluded a partnership

PSI Software SEAnnouncement

11/02/2025 09:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250211:nRSK6810Wa&default-theme=true

RNS Number : 6810W  PSI Software SE  11 February 2025

 PSI Software SE / Key word(s): Contract/Incoming Orders

E.ON and PSI jointly implement intelligent control system for the distribution
 grid of the future

11.02.2025 / 08:54 CET/CEST

The issuer is solely responsible for the content of this announcement.

E.ON and PSI jointly implement intelligent control system for the distribution
 grid of the future

Berlin, February 11, 2025 - E.ON and PSI have concluded a long-term
 partnership on the implementation of a new and standardized network control
 system for the E.ON grid companies in Germany. Network control systems are
 used to control energy flows in the electricity and gas grid to ensure a
 reliable and secure energy supply. By 2029, the control systems of the German
 distribution system operators are to be standardized. The modular PSI control
 system platform "Control System of the Future" (CSF) is used for this purpose.
 The new control system reduces operating and maintenance costs in the long
 term and thus makes grid operation more efficient. It also enables further
 automation, increases security standards and has a future-proof, open software
 architecture.

In Germany, more than 95 percent of renewable energy such as wind or
 photovoltaics are connected to the distribution grids. With the heating and
 mobility transition, millions of electric vehicles and heat pumps will also
 have to be integrated into the grid in the coming years. To meet these
 challenges, E.ON is continuously developing its grids and system management.

"As a playmaker of the energy transition, we are investing extensively in the
 digitization of our grids. The new, standardized network control system is an
 essential building block for this and an important step towards
 standardization. At the same time, a modular system is being created that can
 be expanded and thus react flexibly to the requirements of the future,"
 explains Harald Heß, Senior Vice President Energy Networks Technology &
 Innovation at E.ON.

For the successful implementation of the project, PSI and E.ON rely on agile
 principles and cooperative partnership. PSI will set up its own customer unit,
 which will work closely with E.ON's key supplier management. The common goal
 is to make an important contribution to the reliable, economical and
 sustainable grid management of the future, with important topics such as
 sector coupling and holistic optimization of the energy system becoming more
 important.

"We are very proud that E.ON is relying on its long-standing partner PSI for
 the implementation of a new and standardized network control system," says
 Robert Klaffus, CEO of PSI. "This confirms our strategy of technologically
 redefining the grid management of the future with the development of our new
 generation of control systems and at the same time relying on proven modules.
 In this way, we provide our customers with the best possible support in
 meeting the requirements of an increasingly dynamic market and energy system."

The development of the "Control System of the Future" is an important step in
 the implementation of the "PSI reloaded" strategy program. It underlines PSI's
 innovative strength, future orientation and competitiveness. The first pilot
 unit is to be equipped with the new system in the beginning of 2028.

The PSI Group develops software products for optimizing the flow of energy
 and materials for utilities and industry. As an independent software producer
 with more than 2,300 employees, PSI has been a technology leader since 1969
 for process control systems that ensure sustainable energy supply, production
 and logistics by combining AI methods with industrially proven optimization
 methods. The innovative industry products can be operated on-premises or in
 the cloud. www.psi.de

Contact:

PSI Software SE

Karsten Pierschke

Head of Investor Relations and Corporate Communications

Dircksenstraße 42-44

10178 Berlin

Germany

Tel. +49 30 2801-2727

Email: KPierschke@psi.de

11.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News
 - a service of EQS Group.

The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
 Financial/Corporate News and Press Releases.
 Archive at www.eqs-news.com

 Language:     English
 Company:      PSI Software SE
               Dircksenstraße 42-44
               10178 Berlin
               Germany
 Phone:        +49 (0)30 2801-0
 Fax:          +49 (0)30 2801-1000
 E-mail:       ir@psi.de
 Internet:     www.psi.de
 ISIN:         DE000A0Z1JH9
 WKN:          A0Z1JH
 Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in
               Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
 EQS News ID:  2084101

 

 End of News  EQS News Service

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAGCGDDGGBDGUB