Hoboken-based Locus Energy, a solar photovoltaic (PV) performance monitoring and data analytics provider, today announced its acquisition by Genscape, a leader in energy monitoring data and intelligence.
“Energy monitoring is Genscape’s core business, so the synergy between our two companies couldn’t be better,” says Matthew Burkley, Chief Executive Officer of Genscape. “We intend to leverage the substantial financial resources of our parent company in the solar monitoring space for a long time to come.”
As a leading provider of energy data and intelligence, the addition of Locus’ solar PV monitoring business to Genscape’s existing product portfolio will deliver exceptional value to a broader set of end-users and customers. Over the past few years, solar PV has matured as both a technology and an industry. Recent events, however, have emphasized the need for a mature, financially stable, longer-term solution to help the industry achieve more sustainable, aggressive growth. Over the short-term, customers are increasingly demanding improved technical support and customer service, as well as far less costly and time-consuming migration options.