Ivy Vitality and Glow Vitality Be a part of Forces to Decarbonize Multi-Tenant Buildings
Cleantech San Diego member Ivy Vitality, a number one supplier of Photo voltaic and EV billing options for multi-tenant actual property, has introduced the acquisition of Glow Vitality, a key innovator in distributed power billing expertise. The merger combines two visionary corporations devoted to accelerating the decarbonization of multi-tenant actual property properties by means of revolutionary renewable power options reminiscent of photo voltaic, power storage, EV charging, and demand response packages.
The merger represents a big milestone within the intersection of cleantech and actual property expertise, because it enhances Ivy Vitality’s functionality to help the worldwide power transition. By integrating Glow Vitality’s market momentum, technical experience, and rising buyer base into Ivy Vitality’s platform and ecosystem, this acquisition solidifies Ivy Vitality’s position because the go-to answer for onsite photo voltaic power and EV billing. It will additional Ivy Vitality’s mission of simplifying clear power adoption for multi-tenant buildings, benefiting property house owners and tenants alike.
“We pursued this acquisition as a result of each Ivy and Glow share a deep perception out there we’re enabling,” mentioned Dover Janis, CEO of Ivy Vitality. “After we sat down with Glow’s team-Greg, Ross, and the remainder of the workforce, we realized that our visions aligned. Their ardour for decarbonizing buildings and fixing area of interest issues within the shared Distributed Vitality Useful resource (DER) market was plain. Collectively, we knew we might create one thing really transformative if we found out a strategy to convey efforts below one roof.”
“Becoming a member of forces with Ivy Vitality is a pure match, as each our groups share a imaginative and prescient for a clear, distributed power future in multi-tenant actual property,” mentioned Greg Sirotek, CEO of Glow Vitality. “With the expertise and experience we convey from Glow, we’re excited to boost Ivy’s choices and ship a fair stronger suite of sustainability options for our purchasers. Collectively, we’re shifting sooner to convey clear power to extra rental communities, making a significant affect for tenants and property house owners alike.”
The strategic acquisition strengthens Ivy Vitality’s product choices and management workforce, bringing Glow Vitality’s belongings and expertise below one roof. Each corporations are dedicated to advancing native clear power options to assist scale back carbon footprints, simplify power administration, and ship split-incentive worth for property house owners and tenants.
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