Energy monitoring company Genscape acquired Locus Energy, a photovoltaic (PV) performance monitoring and data analytics provider.
“Energy monitoring is Genscape’s core business, so the synergy between our two companies couldn’t be better,” says Matthew Burkley, Chief Executive Officer of Genscape. “We intend to leverage the substantial financial resources of our parent company in the solar monitoring space for a long time to come.”
As a leading provider of energy data and intelligence, the addition of Locus’ solar PV monitoring business to Genscape’s existing product portfolio will deliver exceptional value to a broader set of end-users and customers. Over the past few years, solar PV has matured as both a technology and an industry. Recent events, however, have emphasized the need for a mature, financially stable, longer-term solution to help the industry achieve more sustainable, aggressive growth. Over the short-term, customers are increasingly demanding improved technical support and customer service, as well as far less costly and time-consuming migration options.
“The timing couldn’t be better,” says Michael Herzig, Chief Executive Officer of Locus Energy. “We share the same core value of delivering a customer experience that is second to none, combined with exceptional long-term financial security.”
Up to this point, undertaking a solar PV monitoring vendor switch had been exceptionally time-consuming, costly, and invasive. In response to these new demands, Locus and Genscape are now launching a rapid Migration-Without-Interruption Service, which transforms how system users can migrate to Locus.
“Locus did in two days what other monitoring vendors will take weeks to complete,” says Andrew Goldin, Senior Vice President of EPC Operations with Cenergy Power.
“Bottom line: Locus’ value is unbeatable.”