Crocus Energy Signs Partnership MOU with Maschinenfabrik Reinhausen

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.

Pictured L-R: Jong-Seok Kim (GM Reinhausen Korea), Konrad Osswald (Exec. Dir. Sales, MR), David Kim (CEO, Crocus Energy), Jeremy Wilson (VP Sales, Crocus Energy)

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