Earlier this week, St. Louis’ ESCO Technologies announced that it has acquired Renewable NRG Systems (no relation to NRG Energy), which provides solar and wind resource assessment, monitoring and plant optimization solutions, for an undisclosed sum.
ESCO makes highly engineered products for a range of industries, and Renewable NRG Systems will join Doble Engineering as part of ESCO’s Utiliites Solutions Group operating segment, which brings in roughly $45 million in annual revenues.
“The addition of NRG offers Doble the opportunity to access the growing renewable energy market, expand our geographic presence, and provide our existing customers with proven tools to optimize their renewable energy generation assets,” stated Doble President Bryan Sayer.
While being located in Vermont, NRG Systems notes that it serves utilities, wind turbine makers, developers, research institutes and government agencies in more than 150 nations. The company says that working as part of ESCO will help to further broaden its reach.
“Becoming part of ESCO further strengthens our ability to grow through the continued investment in new products and the expansion of our existing technologies into new markets,” stated Renewable NRG Systems President Justin Wheating.