US-based renewable energy software provider AlsoEnergy has agreed on a merger with German solar software and hardware company Skytron Energy.
Established in 1977, Skytron energy has been developing integrated monitoring, control and remote monitoring systems for the solar industry.
It is also one of the major suppliers in the photovoltaics industry specialising in commercial and utility-scale power plants.
With this merger, AlsoEnergy intends to further increase its portfolio of renewable energy monitoring, controls, and asset management solutions.
AlsoEnergy CEO Bob Schaefer said: “The merger of AlsoEnergy and Skytron enables us to provide our customers and the marketplace with the industry’s most complete platform for the management of renewable energy assets.
“With Skytron’s proven utility-scale technologies and AlsoEnergy’s strong commercial, industrial and utility presence, we can now offer our customers complete coverage for all types of assets.”
In addition, AlsoEnergy acquired the assets of Draker Corporation for an undisclosed sum. Based in Vermont, Draker offers solar monitoring, management and control solutions.
The two transactions are expected to create an entity with more than 18GW of solar PV, wind and storage assets under management.
Going further, the three companies will be combining their business operations to offer leading software, hardware, and control solutions for solar, wind, and storage assets.
Schaefer added: “This strategic investment strengthens our global portfolio of best-in-class PV and storage performance management services for the C&I and Utility Scale segments.
“Together, AlsoEnergy, Skytron and Draker look forward to continuing to deliver industry-leading products, sales, support, and services to our customers.”