Power Factors broadens renewables software deal with Inaccess acquisition

• US-based renewable resource software service provider Power Factors is acquiring solar and battery storage space surveillance firm Inaccess, taking its asset management portfolio to virtually 200GW.

Inaccess is the manufacturer of Unity, a supervisory control and data acquisition (SCADA) system that increases the power manufacturing of renewables portfolios by identifying and evaluating instances of underperformance, according to the firm.

Power Factors claimed the combination of its asset performance management remedies with Inaccess's SCADA, power plant and battery control, and energy marketing offerings will certainly unlock new potential revenue streams.

" The renewables service is no more nearly reducing levelised price of power, it is likewise regarding maximising revenue by making smart data-driven decisions in real-time, and by enabling earnings stacking from several services on existing or new operating assets," claimed Christos Georgopoulos, CEO at Inaccess.

" To do this properly needs a wide and deep technological pile in addition to the platform capacity and scale to offer the biggest energy producers on the planet."

With a present portfolio of more than 35GW of projects in over 60 countries, Inaccess collaborates with renewables financiers and programmers, utilities, oil and gas majors, asset supervisors and EPCs.

Recent months have actually seen the firm protected offers to deploy its Unity system at PV projects from independent power producer Total Eren and Shell.

For Power Factors, the transaction follows its acquisitions last year of software service providers Greenbyte and 3megawatt.

"We're investing deeply in allowing our customers to drive digitalisation efforts to better incorporate large blended renewable resource portfolios into the grid with direct market accessibility," said Jonas Corné, primary approach police officer at Power Factors.

An additional recent offer of note in the solar software program space saw power storage software application and services company Stem Inc obtain PV asset management business AlsoEnergy for US$ 695 million.