Solar power plants are one of the fastest growing sectors in the power and renewable sector, and for this reason, feasibility studies, analyses, design, and engineering are all essential components of the industry.
FREMONT, CA: "Much like our start decades ago, RatedPower is a trailblazer in digitalization, automation and efficiency, but in the rapidly growing solar market. Our common denominator is truth in data, strategic planning and optimizing efficiencies," said Jeff Hughes, CEO of Enverus. "As of today, we have taken a major leap forward in adding to our solar planning capabilities enabling us to strategically advise customers where and how to design their plants to maximize production."
One of the leading energy SaaS companies, Enverus, unveiled the acquisition of Madrid-based RatedPower, a SaaS company that develops automated and optimized feasibility studies, analysis, design, and engineering of solar power plants and electrical infrastructure. They provide solutions for maximizing the potential of photovoltaic (PV) plants while reducing their Levelized cost of energy (LCOE).
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With the addition of RatedPower's technology and expertise, Enverus will immediately expand its portfolio of solar solutions and its geographic coverage internationally, as well as its value and growing portfolio of solutions. Enverus presently provides services to more than 440 power market participants in North America.
"This is a great day for our future, as it validates the unique work we've been doing over the last five years," added Andrea Barber, CEO of RatedPower. "We were born with the vision of digitalizing the renewable energy industry and making solar the world's main energy source to accelerate the energy transition. Our mission aligns perfectly with Enverus and our combined strengths will place us in a privileged position to reach that vision while powering the new, global energy economy."
Hughes continued, "RatedPower and their solutions have disrupted the solar industry, helping clients realize their full potential, and together, we will accelerate our investment and expand our footprint within the power and renewables space. We will continue to provide our customers with solutions that enable them to grow and thrive in the future of energy."
With over 80 employees working in engineering, product development, business development, marketing, and operations, RatedPower was founded in 2017 by Andrea Barber, Miguel Torrero, and Juan Romero. There are more than 1,400 users worldwide, 20,000 projects are supported, 43 gigawatts of power generated - impacting 22 million households - and 17 million tons of CO2 are reduced by these technologies.