US power and energy infrastructure owner LS Power today announced it completed the acquisition of distributed energy infrastructure solutions provider GI Energy. Accordingly, the company will be rebranded as Endurant Energy.
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LS Power on acquiring and rebranding GI Energy as Endurant Energy
Today, power and infrastructure owner LS Power announced it completed the acquisition of GI Energy. In fact, GI Energy is a distributed energy infrastructure solutions provider, and LS Power will rebrand it as Endurant Energy.
Therefore, LS Power’s ownership support and rebranding efforts are part of the company’s strategy of positioning Endurant for accelerated growth. Notably, as a market-leading distributed energy solutions developer, owner, and operator.
Accordingly, Endurant will be a full-service provider of cost-effective, resilient and sustainable energy solutions. Moreover, it will serve a wide range of sectors, including education, commercial, industrial, real estate, healthcare, hospitality, and public utilities.
Indeed, the new Endurant brand will include full-service clean energy solutions, including microgrids, battery energy storage systems, and integrated eco-districts. Thus, the company’s portfolio of projects ranges from single-technology energy retrofits of historical landmarks to large-scale microgrids integrated with resource management and smart-city infrastructure.
In this sense, Paul Segal, CEO of LS Power, commented in a press release: “We are excited to partner with the Endurant team to execute upon their vision of delivering optimal energy infrastructure solutions. Thus, harnessing the best available technologies.”
Reception and the strategy’s details
Moreover, “we look forward to further propelling Endurant’s growth as a national leader in the distributed energy space. Also, we are committed to building on the company’s past successes,” said Mr. Segal. Therefore, “as we decarbonize our energy system and rely more heavily on electricity, the value of reliability and resilience is increasing.
Hence, Endurant can be a part of the solution and is an excellent addition to the LS Power family of companies; in fact, further demonstrating our long-standing commitment to innovation and investment in clean energy solutions.”
Similarly, Tom Chadwick, CEO of Endurant, said; “As a leading player in the distributed energy resources market, Endurant has created significant value for our clients. Notably, through our ongoing focus on innovation and unique ability to integrate multiple technologies.”
In fact, LS Power intends to invest a substantial amount of additional capital in advancing Endurant’s offering of fully-funded energy solutions. Therefore, Endurant joins other industry-leading distributed energy resource companies acquired by LS, including CPower Energy Management and Evgo. Accordingly, those companies are actively driving the acceleration of the nation’s transition to clean energy and a lower carbon future.
Finally, Endurant will continue working with a 25-employee team led by CEO Tom Chadwick. Additionally, plans are already underway to expand the organization significantly to accelerate its growth to become North America’s go-to provider of sustainable distributed energy solutions.