Inaccess and Power Factors are combining to kind a complete digital instruments firm wanted to successfully handle giant portfolios of renewables with Power Factors’ asset efficiency administration options and Inaccess’ SCADA, power plant and battery management, and market buying and selling choices.
“The vision of linking plant insights to trading and real-time controls is among the most exciting area of the renewables market today. Open, smart and autonomous tightly integrated tools will be required with the ever-increasing penetration of renewables onto the grid,” states Gary Meyers, CEO of Power Factors. “The combination of Power Factors and Inaccess solutions will be transformational for the renewable energy industry. We welcome our new colleagues as we join forces and collaborate to drive the renewable energy transition.”
When the transaction is closed, Power Factors will broaden its buyer asset administration portfolio to just about 200 GW, serving greater than 300 prospects worldwide.
“The renewables business is no longer just about minimizing levelized cost of energy, but also about maximizing revenue by making smart data-driven decisions in real-time and enabling income stacking from multiple services on existing or new operating assets,” says Christos Georgopoulos, co-founder and CEO of Inaccess. “Such goals require a broad and deep technical stack along with the platform capacity and scale that serves the largest energy producers on the planet. Achieving global scale is one of the many reasons we are excited to join forces with Power Factors.”
“We’re investing deeply in enabling our customers to drive digitalization efforts to better integrate large mixed renewable energy portfolios into the grid with direct market access,” provides Jonas Corné, chief technique officer at Power Factors. We are enthusiastic about what the mixing of Power Factors and the exceptional crew of Inaccess will imply to our prospects and the renewable energy trade globally.”