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 vitality billing expertise. The merger combines two visionary corporations devoted to accelerating the decarbonization of multi-tenant actual property properties by progressive renewable vitality options equivalent to photo voltaic, vitality storage, EV charging, and demand response applications.
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 vitality 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 function because the go-to resolution for onsite photo voltaic vitality and EV billing. This can additional Ivy Vitality’s mission of simplifying clear vitality adoption for multi-tenant buildings, benefiting property homeowners and tenants alike.
“We pursued this acquisition as a result of each Ivy and Glow share a deep perception available in the market we’re enabling,” stated Dover Janis, CEO of Ivy Vitality. “Once we sat down with Glow’s team-Greg, Ross, and the remainder of the group, 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 simple. Collectively, we knew we might create one thing really transformative if we discovered a approach to carry efforts beneath 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 vitality future in multi-tenant actual property,” stated Greg Sirotek, CEO of Glow Vitality. “With the expertise and experience we carry from Glow, we’re excited to reinforce Ivy’s choices and ship a good stronger suite of sustainability options for our purchasers. Collectively, we’re shifting sooner to carry clear vitality to extra rental communities, making a significant affect for tenants and property homeowners alike.”
The strategic acquisition strengthens Ivy Vitality’s product choices and management group, bringing Glow Vitality’s property and expertise beneath one roof. Each corporations are dedicated to advancing native clear vitality options to assist scale back carbon footprints, simplify vitality administration, and ship split-incentive worth for property homeowners and tenants.
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