NovaSource says the acquisition is complementary to its existing O&M portfolio and strengthens the company’s ability to offer lifecycle services within the renewable energy sector.
“The Heliolytics platform allows us to further expand our digital platform capabilities, creating a clear market leadership position,” said Troy Lauterbach, CEO of NovaSource Power Services. “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.”
“NovaSource is building an exciting platform to offer the next generation of solar lifecycle operations,” said Heliolytics CEO and Co-Founder Rob Andrews. “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.”
Heliolytics, based in Toronto, Ontario will continue as a standalone entity and will retain the Heliolytics name, branding, and personnel.