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Enverus Expands Renewables Arm, Acquires Spanish Solar Power Group

September 15, 2022

A Texas-based company involved with data analytics for the energy industry is acquiring a Spanish group as part of a continuing effort to expand its offerings in the power generation sector.

Enverus, formerly known as DrillingInfo and a longtime player in the oil and gas industry, on Sept. 14 said it is acquiring RatedPower, a software-as-a-service (SaaS) company based in Madrid. Enverus on Wednesday said the addition of RatedPower expands the company’s global footprint and strengthens its offerings for the solar power market.

The deal is part of a quick ramp-up of companies expanding their presence in solar power as the industry rebounds from the coronavirus pandemic, with governments worldwide providing incentives to increase clean energy deployment. Reliance Industries, an India-based multinational group with holdings in energy and other sectors, earlier this month said it has acquired a majority stake in California-based SenseHawk, an early-stage developer of software-based management tools for the solar power industry.

VG-Shipping Oy, the parent company of Finnish marine logistics company Meriaura Oy, in late August announced it will become a majority owner of European solar thermal systems provider Savosolar Oyj.…

Wärtsilä Acquires Major Energy Storage Player

May 22, 2017

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Finnish technology firm Wärtsilä has acquired Greensmith Energy Management Systems, a firm that specializes in energy storage optimization and integration software, for an undisclosed amount.

Greensmith, which has designed and deployed more than 180 MW of energy storage at 50 sites globally, has developed a software platform, GEMS, which optimizes the performance of energy storage and reportedly powers more than one-third of all energy storage capacity in the U.S. Greensmith’s energy storage installations include five systems in the PJM frequency regulation market, and a 20 MW/80 MWh system with AltaGas in California to address a constraint posed by the Aliso Canyon gas leak.

Wärtsilä has more than 63 GW of installed power capacity across 176 countries. “This is a perfect match,” said Javier Cavada, president at Wärtsilä Energy Solutions, in a May 15 press release. “The addition of Greensmith’s capabilities and expertise will allow Wärtsilä to offer our installed base significant opportunities for hybrid and energy storage solutions along with full in-house capabilities that combine and optimize different forms of power generation, energy storage and demand-side management.”…

Duke Energy Renewables Acquires Solar Projects in Georgia

September 8, 2016

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Duke Energy Renewables, part of Duke Energy’s Commercial Portfolio, announced on September 7 that it will add six Georgia solar projects to the 2.8-GW renewable energy portfolio the company owns and operates.

The projects are relatively small in terms of capacity—averaging about 1 MW DC each (769 kW AC)—but they are the first Duke Energy has acquired in Georgia, giving it projects in 14 states (Figure 1). SolAmerica Energy developed the sites, located in the southern and central part of the state, under an engineering, procurement, and construction agreement with REC Solar, a Duke Energy affiliate.

1. Duke Energy Renewables U.S. portfolio map. Courtesy: Duke Energy

“In acquiring these solar sites, we add Georgia to our growing U.S. renewables footprint,” said Rob Caldwell, president, Duke Energy Renewables and Distributed Energy Technology. “SolAmerica and REC Solar have completed quality projects that will deliver clean energy to Georgia Power’s customers for years to come.”

The projects—constructed with panels manufactured by Yingli—are part of the Georgia Power Advanced Solar Initiative.…