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Global professional services company Accenture has acquired smart grid and cybersecurity firm Bridge Energy

Stephanie Jamison, a managing director at Accenture who leads its Transmission and Distribution business, said: “We are excited to welcome BRIDGE to Accenture to better help utilities drive transformation by creating new efficiencies for assets and operations while uncovering new revenue streams.

“Similar to our 2015 acquisition of the Structure Group, BRIDGE will help us meet growing demand from our utilities clients for evaluating and applying new and emerging technologies, including advanced analytics, artificial intelligence, the cloud and blockchain, to develop the grid of the future.”

BRIDGE Energy Group is based in Boston and provides grid modernisation, analytics and security services to utilities in North America.

Employees of BRIDGE Energy have joined the utilities practice of Accenture’s Resources operating group.

“Joining forces with Accenture will provide the scale, career training, ecosystem and other strengths that will further enable our employees to leverage their strong industry skills to achieve even greater success in serving clients and advancing their careers,” said Hugo van Nispen, BRIDGE’s CEO. “It’s very exciting to jointly tackle our clients’ most complex challenges through innovation, especially for grid modernisation, reliability and resiliency...”

The development comes at a time utilities are struggling with new regulations, an aging workforce, extreme weather events and the proliferation of distributed energy resources (DER) such as solar, wind power, storage and electric vehicles.