Enverusa company specializing in energy-focused software-as-a-service products has announced that it has acquired Rated strength, a Spanish startup that helps you plan, design and optimize solar power plants. Terms of the deal remain undisclosed.
Enverus works with all kinds of clients in the energy ecosystem, focusing on both renewables and oil and gas. In particular, the company partners with 98% of US energy producers and 35,000 suppliers to offer access to real-time analytics. With these insights, energy-focused companies can more easily compare costs and revenues before committing to a new project.
Clients include energy, utility and infrastructure companies, but also financial institutions working on energy projects. They can use Enverus to allocate capital based on optimizing production and distribution.
With RatedPower, Enverus is doubling down on renewable energy development as RatedPower focuses exclusively on utility-scale solar PV plants.
“Like our beginnings decades ago, RatedPower is a pioneer in digitization, automation and efficiency, but in the rapidly growing solar market. Our common denominator is truth in data, strategic planning and performance optimization,” Enverus CEO Jeff Hughes said in a statement. “Starting today, we’ve taken a big leap forward in adding our solar planning capabilities, allowing us to strategically advise customers on where and how to design their installations to maximize production.”
Engineers use RatedPower’s software platform — pvDesign — to research, analyze and design new PV plant designs. In total, RatedPower has been used to develop more than 43 GW of solar projects across 20,000 projects in 160 countries.
For example, RatedPower can scan many different layout configurations and tell you which one will maximize the profitability and value of that solar plant project based on topography, weather data, skyline profile, etc.
“We were born with the vision to digitize the renewable energy industry and make solar the world’s primary energy source to accelerate the energy transition,” RatedPower CEO Andrea Barber said in a statement. “Our mission aligns perfectly with Enverus, and our combined strengths will place us in a privileged position to achieve this vision while powering the new global energy economy.”