Today AlsoEnergy announced what may be the largest consolidation in the solar monitoring and asset management world to date: a merger with skytron energy, and the acquisition of the assets of Draker Corporation.
Through these two transactions, AlsoEnergy will reach 18 GW of solar, wind and energy storage assets under management. The company has been the leading monitoring and power plant control systems provider in the U.S. commercial market, whereas skytron has a stronger presence in the utility-scale sector in Europe.
“Our combined solutions create a global software platform across all asset classes that is supported by proven hardware and control technologies and delivered with consistent sales, support and service across all geographies,” states Francisco Baraona, managing director at skytron energy.
This is the second change of hands for skytron in the last two years, following First Solar’s sale of the company to German investment company Liberta Partners in late 2016.
AlsoEnergy provided no financial details on the two transactions, but some insight into how the two will play out operationally. This includes plans to keep the skytron brand.
Draker is a very different situation, and AlsoEnergy plans to migrate Draker customers off of that platform, while incorporating the features that Draker customers prefer into AlsoEnergy software. The company also plans to provide support for Draker customers until they are migrated to the new platform.