PARIS, FRANCE – August 29, 2018 – Crocus Energy, Inc., and Maschinenfabrik Reinhausen GmbH (MR) today signed a partnership memorandum of understanding to conduct joint promotion and development of Crocus Energy’s Power Saver™ and MR’s energy efficiency products in South Korea. Last December, the two companies’ solutions were already successfully integrated and deployed together by Crocus’ Korean distribution partner, GridWiz, at a Fortune 500 glass manufacturing facility.
Crocus Energy’s Power Saver™ software uses machine-learning to optimize the electric distribution systems at large industrial manufacturing sites and campus installations, saving our customers up to 4% on their electricity bills.
For over 100 years MR has been a reliable partner for all power transformer issues and a system provider for all products in the areas of Power Transmission, Power Distribution, Automation & Control, Asset Management Solutions, Power Composites and Power Quality. More than 50% of all electricity delivered globally flows through MR products.