Enverus announced today it acquired Energy Acuity to expand its power and renewables offering. Accordingly, the leading SaaS company and the leading provider of power generation market data united to keep tracking renewable projects and leverage data across North America.
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Enverus on its Energy Acuity acquisition
This Wednesday, Enverus announced it acquired Energy Acuity, a leading provider of power generation and delivery market data with specific renewable energy expertise. Therefore, this acquisition will help Enverus expand its power and renewables offering.
Moreover, Enverus will integrate Energy Acuity’s data into Prism™, the company’s hallmark single technology platform. Accordingly, combining the company’s existing power and renewables data and analytics will allow it to produce unique content.
Also, it will help the firm get insights. For instance, for existing and prospective developers, institutional investors, and corporate and government clients.
In fact, Energy Acuity has more than 30 employees in Denver, Colorado. Also, Bernadette Johnson, recently promoted to senior vice president of Power and Renewables at Enverus, will oversee the integration.
Reception and forecasts
“As energy markets rapidly evolve and investments in renewable generation increase, the need for analytical solutions to capitalize on this opportunity will also grow,” said Manuj Nikhanj, president of Enverus.
Therefore, “over the past five years, our company has made significant investments through targeted acquisitions and organic development. Thus, the addition of Energy Acuity will allow us to create the most comprehensive end-to-end energy offering in the industry.”
Also, Brian Graff, founder of Energy Acuity, said, “the market for renewables-focused data, insight, and predictive analytics is clearly growing. Besides, our customers continue to signal that more advanced solutions are critical to maintaining a competitive edge.”
Moreover, with this fusion, “we will be able to incorporate multiple new data sets. Furthermore, to leverage the 200-person analyst and data, science teams. For instance, to create full forecasting capabilities, satellite tracking and valuation models of existing and proposed projects.”