Ivy Power and Glow Power Be a part of Forces to Decarbonize Multi-Tenant Buildings
Cleantech San Diego member Ivy Power, a number one supplier of Photo voltaic and EV billing options for multi-tenant actual property, has introduced the acquisition of Glow Power, a key innovator in distributed vitality billing know-how. The merger combines two visionary corporations devoted to accelerating the decarbonization of multi-tenant actual property properties via revolutionary renewable vitality options corresponding to photo voltaic, vitality storage, EV charging, and demand response applications.
The merger represents a big milestone within the intersection of cleantech and actual property know-how, because it enhances Ivy Power’s functionality to help the worldwide vitality transition. By integrating Glow Power’s market momentum, technical experience, and rising buyer base into Ivy Power’s platform and ecosystem, this acquisition solidifies Ivy Power’s function because the go-to resolution for onsite photo voltaic vitality and EV billing. It will additional Ivy Power’s mission of simplifying clear vitality adoption for multi-tenant buildings, benefiting property house owners and tenants alike.
“We pursued this acquisition as a result of each Ivy and Glow share a deep perception out there we’re enabling,” mentioned Dover Janis, CEO of Ivy Power. “After we sat down with Glow’s team-Greg, Ross, and the remainder of the group, we realized that our visions aligned. Their ardour for decarbonizing buildings and fixing area of interest issues within the shared Distributed Power Useful resource (DER) market was simple. Collectively, we knew we may create one thing really transformative if we found out a strategy to convey efforts below one roof.”
“Becoming a member of forces with Ivy Power is a pure match, as each our groups share a imaginative and prescient for a clear, distributed vitality future in multi-tenant actual property,” mentioned Greg Sirotek, CEO of Glow Power. “With the know-how and experience we convey from Glow, we’re excited to boost Ivy’s choices and ship a fair stronger suite of sustainability options for our purchasers. Collectively, we’re shifting quicker to convey clear vitality to extra rental communities, making a significant influence for tenants and property house owners alike.”
The strategic acquisition strengthens Ivy Power’s product choices and management group, bringing Glow Power’s property and expertise below one roof. Each corporations are dedicated to advancing native clear vitality options to assist scale back carbon footprints, simplify vitality administration, and ship split-incentive worth for property house owners and tenants.
Share this….