Telos Energy Acquired by PowerGEM | Technology M&A Deal

PowerGEM has completed the acquisition of Telos Energy, a enterprise software business in Nevada, for $126 billion. PowerGEM provides advanced simulation software and technical services for power system operators and utilities, supporting complex power system analysis, integrated resource planning, and market forecasting. Telos Energy acquisition strengthens PowerGEM acquisitions in grid reliability and market economics, with AI-enabled forecasting and scenario and risk analysis used for short-term operations and long-term planning. The technology M&A is an add on acquisition supported by private equity acquisition backing from General Atlantic’s BeyondNetZero fund, alongside TA Associates, with deal size reported above $100M and status announced.