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Mitsubishi Electric completes acquisition of PCI Energy Solutions

The company says it acquired all outstanding shares on November 2, making the energy-trading software provider a wholly owned subsidiary.

By Greener Numbers Editorial Team · Published November 3, 2026 · Updated 11/3/2026

Mitsubishi Electric announced on November 2, 2026 that it had completed its acquisition of all outstanding shares of PCI Energy Solutions. The company lists November 2 as the closing date. The transaction is complete, rather than still scheduled to close at the end of the year.

The announcement follows Mitsubishi Electric's August 20 disclosure of its plan to make PCI a wholly owned subsidiary. PCI's legal name is Power Costs, Inc. It is based in Norman, Oklahoma, and develops and provides software for energy trading management and optimization.

The completion notice lists PCI's net sales at $81.383 million for the year ended December 31, 2025, compared with $67.785 million in 2024 and $59.252 million in 2023. Those figures describe PCI's historical business, not the acquisition price.

Mitsubishi Electric said it would promptly disclose any need to revise its consolidated performance forecast or other matters requiring disclosure as a result of the transaction. The completion notice does not provide a purchase price, quantify the share of U.S. electricity managed by PCI software or establish a new grid-investment forecast.