Acquisition Action in the Solar Asset Management and Monitoring Space

Last week renewable energy monitoring, controls, and asset management providers AlsoEnergy and skytron energy announced a merger. In addition, AlsoEnergy said that it was acquiring the assets of floundering Draker and will honor and support the contracts for the 2 GW worth of solar assets that Draker had been monitoring for its customers. 

Bob Schaefer, Chief Executive Officer of AlsoEnergy explained in an interview that Draker has been under distress for a number of years and that AlsoEnergy intends to hire some of the Draker workforce while also migrating customers to the AlsoEnergy platform. 

With the combination of AlsoEnergy and Draker plus the merger with skytron, the company will now have a global footprint for software, hardware, and control solutions for solar, wind, and storage assets.

Shaefer said the move is “great for our customers” who will now be able to develop new projects anywhere in the world. AlsoEnergy has 6 GW of power monitored at more than 20,000 sites worldwide, according to the company.

The transactions create one of the largest monitoring company’s in the world. Headquarters for the new company will remain in Boulder, Colorado.

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Jennifer Runyon
Jennifer Runyon has been studying and reporting about the world's transition to clean energy since 2007. As editor of the world's largest renewable energy publication, Renewable Energy World, she observed, interviewed experts about, and reported on major clean energy milestones including Germany's explosive growth of solar PV, the formation and development of the U.S. onshore wind industry, the U.K. offshore wind boom, China's solar manufacturing dominance, the rise of energy storage, the changing landscape for utilities and grid operators and much, much, more. You can reach her at Today, in addition to managing content on Renewable Energy World and POWERGRID International, she also serves as the conference advisory committee chair for DISTRIBUTECH, a globally recognized conference and expo for the transmission and distribution industry. In her role, she works in close cooperation with a large team of committed industry executives to shape the educational content for the event. She also helps assemble the renewable energy content for POWERGEN and helped launch the first Grid-Scale Storage Summit, a co-located event at HYDROVISION International. She has traveled to Germany to see onshore and offshore wind installations; Iceland to see geothermal energy in action; and France to see cutting-edge smart grids. In the U.S. she has visited and reported about bioenergy power plants in Florida, both large-scale and small-scale hydropower; and multiple wind farms, solar PV, and CSP installations. Formerly, she was the managing editor of Innovate Forum, an online publication that focused on innovation in manufacturing. Prior to that she was the managing editor at Desktop Engineering magazine. In 2008, she won an "Eddy Award" for her editing work on an article about solar trees in Vienna. In 2010, was awarded an American Business Media Neal Award for its eNewsletters, which were created under her direction. She holds a Master's Degree in English Education from Boston University and a BA in English from the University of Virginia.

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