Renewable energy software company Power Factors has acquired Inaccess, linking the companies' management platforms.
California-based Power Factor’s asset performance management platform will be combined with Inaccess’ SCADA, power plant and battery control and market trading offering.
Current± recently caught up with Inaccess to discuss the role of battery energy storage in the transition to a decarbonised energy system in the UK.
“The renewables business is no longer just about minimising levelised cost of energy (LCOE), but also about maximising revenue by making smart data-driven decisions in real-time, and enabling income stacking from multiple services on existing or new operating assets,” said 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.”
It follows Power Factors acquiring renewable management platform Greenbyte AB in April 2021, with the two supporting more than 75GW of wind, solar and energy storage assets around the world.
“The vision of linking plant insights to trading and real-time controls is among the most exciting area of the renewables market today,” said Gary Meyers, CEO of Power Factors.
“Open, smart, and autonomous tightly integrated tools will be required with the ever-increasing penetration of renewables onto the grid. 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.”