Sunsystem Know-how merges with NovaSource to type solar O&M powerhouse
NovaSource Power Services, a Clairvest portfolio company, and SunSystem Technology announced the merger of the two companies. The merger takes effect today and the companies will merge their operations in the coming months. Upon completion of the merger, the combined group will operate under NovaSource.
SunSystem and NovaSource will combine operations and field engineers from both companies, providing additional resources to partners, solar site owners and portfolio owners. The joint global workforce, active in nine different countries, will support ongoing field and operational services for residential PV systems, commercial and utility companies, battery solutions and charging stations for electric vehicles.
NovaSource with the 550 combined field technicians will reach 95% of the US solar infrastructure within an hour’s drive. As transportation time is a major cost driver, reduced technician travel time and increased strategic service coverage provide partners across the country with unprecedented, cost-effective O&M services.
NovaSource is a recognized O&M leader in commercial, industrial and utility scale solar projects overseeing some of the most demanding solar projects in the world. As an independent solar service provider, NovaSource’s industrial partner businesses provide high-level technical expertise at all levels of asset ownership and operation.
“For the past 10 years, SST has set the standard for the solar industry in the maintenance of decentralized generation, EV charging and storage systems. Their innovative and agile approach has created the clear market leader with substantial scope and robust national coverage. By bringing the groups together with Derek heading NovaSource’s DG O&M, asset owners will have a highly differentiated and compelling service solution for their rapidly evolving needs, ”said Jack Bennett, CEO of NovaSource.
“I have great respect for the Novasource team and their success in managing the largest solar systems in the world. I look forward to working with existing Novasource leadership to build the most trusted and innovative solar and storage company in the world. The combined size, coverage and experience will bring tremendous value and capabilities to our existing and future customers, ”said Derek Chase, CEO of SunSystem Technology.
Clairvest recently announced its purchase agreement with First Solar to acquire the North American operations and maintenance business, which consists of over 200 additional O&M employees.
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