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Enverus Rises to Meet Solar Planning Challenges With Acquisition of RatedPower

Enverus announced that it has acquired Madrid-based RatedPower, a SaaS company developing solutions that automate and optimize the feasibility study, analysis, design and engineering of solar power plants and electrical infrastructure to maximize the potential of photovoltaic (PV) plants.

September 15, 2022. By News Bureau

Enverus announced that it has acquired Madrid-based RatedPower, a SaaS company developing solutions that automate and optimize the feasibility study, analysis, design and engineering of solar power plants and electrical infrastructure to maximize the potential of photovoltaic (PV) plants and reduce their Levelized Cost of Energy (LCOE).

Enverus currently serves more than 440 power market participants, primarily in North America, and the addition of RatedPower's technology and experience immediately expands Enverus' value and growing portfolio of solutions in the solar industry and broadens its geographical coverage internationally.

"Much like our start decades ago, RatedPower is a trailblazer in digitalization, automation and efficiency, but in the rapidly growing solar market. Our common denominator is truth in data, strategic planning and optimizing efficiencies," said Jeff Hughes, CEO of Enverus. "As of today, we have taken a major leap forward in adding to our solar planning capabilities enabling us to strategically advise customers where and how to design their plants to maximize production."

"This is a great day for our future, as it validates the unique work we've been doing over the last five years," added Andrea Barber, CEO of RatedPower. "We were born with the vision of digitalizing the renewable energy industry and making solar the world's main energy source to accelerate the energy transition. Our mission aligns perfectly with Enverus and our combined strengths will place us in a privileged position to reach that vision while powering the new, global energy economy."

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