AlsoEnergy Announces Merger with Locus Energy
September 25, 2018
Establishes AlsoEnergy as a leading provider in the residential,
commercial, industrial, and utility scale PV markets with over 25 GW of
power monitored across more than 190,000 sites worldwide
BOULDER, Colo.–(BUSINESS WIRE)–AlsoEnergy, a leader in renewable energy software solutions, has
announced it is merging with Locus Energy, a solar monitoring and data
analytics provider delivering solutions across the residential,
commercial, and utility sectors. The transaction enhances AlsoEnergy’s
ability to deliver end-to-end solutions across all geographies and
market segments and affirms AlsoEnergy as a global leader in renewable
energy asset monitoring and control.
“Locus Energy is a strong complement to our solutions portfolio,” said
Bob Schaefer, Chief Executive Officer of AlsoEnergy. “Throughout 2018,
we have made strategic investments to consolidate best-of-breed
technologies that can be integrated through our unified back-end
platform to create an end-to-end industry leading portfolio. The
consolidation of these historically disparate systems creates strong
value for our customers, including comprehensive portfolio aggregation
across all modes of energy generation as well as unified reporting and
metrics across all platforms.”
Under the terms of the agreement, AlsoEnergy will continue to lead the
business, with Locus Energy’s prior owner, Genscape, retaining a
minority equity stake in the combined entity.
”We are excited to join the AlsoEnergy family,” said Michael Herzig,
Chief Executive Officer of Locus Energy. “Together, the combined
business will be able to better meet our customers’ evolving needs and
enable greater support throughout the entire project lifecycle, with
support and engineering resources deployed around the world.”
“The addition of Locus strengthens our leadership position as the most
innovative and complete solution provider in the market,” continued
Schaefer. “The combined portfolio will give our customers the ability to
further streamline operations and achieve the highest levels of
performance, efficiency and profitability, using a single technology
platform while retaining the best attributes and stakeholder views from
each system.”
In addition, the integration of Locus Energy’s customer service and
engineering support center will strengthen AlsoEnergy’s global service
organization and will enable the delivery of world-class
around-the-clock support, seven days a week.
About AlsoEnergy
AlsoEnergy provides technology solutions for energy systems, including
DAS systems and power plant control solutions for solar PV, wind, and
storage. AlsoEnergy monitors over 25GW of renewable power generation at
more than 190,000 sites worldwide. Complete solution packages from
AlsoEnergy pair hardware and professional services with AlsoEnergy’s
leading software platform PowerTrack.
For more information, visit: www.alsoenergy.com.
About Locus Energy
Locus Energy is a solar monitoring and data analytics platform provider
for the solar photovoltaic (PV) market spanning the residential,
commercial, and utility sectors, across the globe. The company has
deployed over 165,000 systems, collected over 80 billion data points,
and currently monitors more than 6.6 GW of total capacity globally.
About Genscape
Genscape is the leading global provider of real-time data and
intelligence for commodity and energy markets, driven to improve market
transparency and efficiency. For more information, please visit: www.genscape.com.
Contacts
AlsoEnergy
Peter Denato
Marketing
971-270-3069
peter@alsoenergy.com