AlsoEnergy, a provider of renewable energy software solutions, is merging with Locus Energy, a solar monitoring and data analytics provider for the residential, commercial and utility sectors.
AlsoEnergy provides technology solutions for energy systems and monitors over 25 GW of renewable power generation at more than 190,000 sites worldwide. Locus Energy has deployed over 165,000 systems and collected over 80 billion data points. The company currently monitors more than 6.6 GW of total capacity globally.
Under the terms of the agreement, AlsoEnergy will lead the business. Locus Energy’s prior owner, Genscape, is retaining a minority equity stake in the combined entity.
“Locus Energy is a strong complement to our solutions portfolio,” comments Bob Schaefer, CEO 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.”
“We are excited to join the AlsoEnergy family,” adds Michael Herzig, CEO 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.”
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 around-the-clock support seven days a week, the companies note.