“Our acquisition of Heliolytics creates enhanced economic value for customers by enabling high-fidelity issue detection, increasing asset energy yield. We are honored to join forces with the Heliolytics team,” said Troy Lauterbach, CEO of NovaSource Power Services.
Frequent collaborator Heliolytics has provided site inspection, site optimization and site analysis for more than 100 GW of solar projects worldwide. With the acquisition, Novasource aims to offer a suite of lifecycle services for renewables operations and maintenance.
“NovaSource is building an exciting platform to offer the next generation of solar lifecycle operations,” said Rob Andrews, co-founder and CEO of Heliolytics. “We are thrilled to integrate with NovaSource as we both share the same vision of what the future of solar operations should be. 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.”
NovaSource currently provides performance services to a portfolio of more than 18 GW renewable projects. Heliolytics, based in Toronto, Ontario, Canada, will continue as a standalone entity and will retain the Heliolytics name, branding and personnel.
News item from NovaSource Power Services