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 power billing know-how. The merger combines two visionary corporations devoted to accelerating the decarbonization of multi-tenant actual property properties by modern renewable power options similar to photo voltaic, power storage, EV charging, and demand response packages.
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 power 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 power and EV billing. It will additional Ivy Power’s mission of simplifying clear power adoption for multi-tenant buildings, benefiting property homeowners and tenants alike.
“We pursued this acquisition as a result of each Ivy and Glow share a deep perception available in the market we’re enabling,” mentioned Dover Janis, CEO of Ivy Power. “Once we sat down with Glow’s team-Greg, Ross, and the remainder of the crew, 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 discovered a option to deliver efforts underneath 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 power future in multi-tenant actual property,” mentioned Greg Sirotek, CEO of Glow Power. “With the know-how and experience we deliver from Glow, we’re excited to reinforce Ivy’s choices and ship a fair stronger suite of sustainability options for our shoppers. Collectively, we’re shifting sooner to deliver clear power to extra rental communities, making a significant influence for tenants and property homeowners alike.”
The strategic acquisition strengthens Ivy Power’s product choices and management crew, bringing Glow Power’s belongings and expertise underneath one roof. Each corporations are dedicated to advancing native clear power options to assist cut back carbon footprints, simplify power administration, and ship split-incentive worth for property homeowners and tenants.
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