Bay4 Energy Services, a global energy asset performance management company, just acquired Ekhosoft, a provider of operational management and intelligent software solutions based in Montreal, Quebec.
“After working together with Ekhosoft across hundreds of sites, it became clear that there were excellent synergies between our two companies,” said Clay Biddinger, Chairman and CEO of Bay4 Energy.
The deal unifies a global portfolio of more than 18 GW of solar, wind,and other energy generation assets under Bay4’s active management and software licensing agreements. The integration of Ekhosoft’s powerful asset performance management platform with Bay4’s back-office asset management software and extensive energy services capabilities provides a truly comprehensive offering for solar, wind, storage, and other power plant owners and operators.
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Available in desktop and mobile app formats, Ekhosoft’s asset performance management software platform integrates real-time data from control systems information from business systems and the Web, delivering key insights into plant performance and operations. Capabilities include calculating lost power generation costs, improving generation forecasting, reducing unplanned maintenance, and tracking outages, resource availability and other key performance indicators.
“Our experience with Bay4 led us to the inevitable conclusion that the combination of the two companies’ capabilities and teams would create a unique one-stop shop for intelligent asset management and O&M services for the solar, wind, and other energy sectors,” said Patrick Ramsey, President of Ekhosoft.
In addition to the Ekhosoft acquisition, Bay4 has been aggressively adding to its client portfolio and has made strategic executive hires. The company will issue additional press announcements on its activities in the coming months.
— Solar Builder magazine
[source: http://solarbuildermag.com/news/bay4-acquires-ekhosoft-to-form-mega-asset-management-group/]
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