The row of windows in Locus Energy's office peer out toward Manhattan. It grants the company a view of its former home. The firm, which provides a monitoring and analytics platform for solar panels, moved to Hoboken in late 2012, lured by financial incentives offered by the state's Economic Development Authority.
Locus Energy allows its clients — which span the residential, commercial and utility sectors — a way to optimize a portfolio of solar arrays with less hardware. The company emphasizes its software, which tracks energy generation and weather patterns, and its suite of analytics, which uses data to compare a “solar fleet's” expectations to its actual performance.
But the solar market in the state has seen a rise and fall over the years. “It's a market with a lot of ups and downs,” Herzig said. “That's one of the main challenges of our business. By being diversified across the U.S., we mitigate part of that.” De Luca and Herzig are confident Locus Energy has a sufficient presence within American borders, so now Locus Energy is looking far beyond its windows.