Software solutions

Panorama – Power Factors acquires Inaccess, expanding its renewable software solutions

Inaccess is a trusted technology and solutions provider for global utilities, leading renewable energy developers, investors and independent power producers. The combination of Power Factors’ leading asset performance management solutions with Inaccess’s SCADA, power plant and battery monitoring and market offerings is intended to support the global renewable energy market’s transition from an environment subsidized and largely static towards a dynamic market. based environment.

Linking market and performance based information to asset controls will become a “must-have” for the future renewable energy market. Additionally, the accelerated adoption of large-scale storage solutions offers new revenue streams for owners of renewable power plants. The combination of two powerful platforms, with leading asset performance management solutions from Power Factors and leading SCADA, power plant and battery control and energy marketing offerings from Inaccess, will unlock these new services, as well as potential new revenue streams.

“The vision of linking plant information with real-time exchanges and controls is one of the most exciting areas in the renewable energy market today,” said Gary Meyers, CEO of Power Factors. “Tightly integrated open, intelligent and autonomous tools will be required with the ever-increasing penetration of renewables on the grid,” said “The combination of power factors and Inaccess solutions will be transformational for the renewable energy industry. We welcome our new colleagues as we join forces and collaborate to drive the transition to renewable energy.

Christos Georgopoulos, co-founder and CEO of Inaccess, added that the renewable energy business is no longer just about minimizing the levelized cost of energy (LCOE), it is also about maximizing revenue by making decisions intelligence based on real-time data, and allowing the accumulation of revenues from several services on existing or new operating assets. Doing so requires a broad and deep tech stack and the capacity and scale of the platform to serve the largest power producers on the planet.

“Reaching global scale is one of the many reasons we are thrilled to partner with Power Factors,” Mr. Georgopoulos said.

Upon closing, Power Factors will expand its customer asset management portfolio to nearly 200 gigawatts, serving more than 300 customers globally, positioning Power Factors as one of the world’s largest renewable energy software vendors. .

The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close within 30 days.

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