NovaSource acquires Heliolytics to expand lifecycle services


NovaSource Power Services, a global leader in solar operations and maintenance services, announced this Wednesday it acquired Heliolytics, Inc., to expand and strengthen its operations and Maintenance portfolio as well as its lifecycle services footprint.

Firstly, NovaSource is the industry frontrunner in a data-driven asset performance services company, with 18GW+ currently under management. As a result, Heliolytics had been a consistent collaborator of NovaSource, offering standard-bearers for aerial site inspection, site optimization, and advanced site analysis.

In fact, Heliolytics has more than 100GW of global experience. Consequently, the acquisition will strengthen NovaSource’s existing O&M portfolio. It will also boost its ability to offer best-in-class lifecycle services within the renewable energy sector.

Moreover, the acquisition will combine expertise and resources and will provide the solar industry with the most comprehensive suite of lifecycle services; which have been a highly demanded service for renewable energy developers and operators.

In addition, according to the statement, after the acquisition Heliolytics, based in Toronto, will continue as a standalone entity. It will also retain the Heliolytics name, branding, and personnel.

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NovaSource to provide a new kind of solar lifecycle services

Troy Lauterbach, CEO of NovaSource Power Services, said about the matter. “The Heliolytics platform allows us to further expand our digital platform capabilities, creating a clear market leadership position.”

He also remarked. “Our acquisition of Heliolytics creates enhanced economic value for customers by enabling high-fidelity issue detection, increasing asset energy yield.”

On the other hand, Heliolytics CEO and Co-Founder Rob Andrews commented. “NovaSource is building an exciting platform to offer the next generation of solar lifecycle operations. We are thrilled to integrate with NovaSource as we both share the same vision of what the future of solar operations should be.”

Finally, he said. “Together, we have the capability to accelerate that vision and scale our existing and new service offerings, while continuing to offer our industry-leading third-party services, to provide more value to customers, globally.”

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