NovaSource Power Services, a portfolio company of Clairvest, and SunSystem Technology announced the merger of the two companies. The merger is effective today and the companies will bring together operations in the coming months. Upon completion of the merger, the combined group will operate under NovaSource.
SunSystem and NovaSource will unify operations and field technicians of both companies, providing additional resources to partners, solar site owners, and portfolio owners alike. Operating in nine different countries, the joint global workforce will support ongoing field and operational services to residential, commercial and utility PV systems, battery solutions and EV charging stations.
NovaSource, with the 550 combined field technicians, will be within a one-hour drive of 95% of the U.S. solar infrastructure. With transportation time a primary cost driver, the decreased technician drivetime and increased strategic service coverage will provide partners unparalleled, cost-effective O&M services across the nation.
NovaSource is a recognized O&M leader in commercial, industrial, and utility scale solar projects and oversees some of the most sophisticated solar projects in the world. As an independent solar services provider, NovaSource’s operating divisions provide high-level technical expertise to industry partners at all levels of asset ownership and operations.
“Over the last 10 years, SST has set the standard for the solar industry in servicing distributed generation, EV charging and storage systems. Their innovative and agile approach has created the clear market leader with significant scale and robust national coverage. Bringing the groups together, with Derek as the leader of NovaSource’s DG O&M, will provide asset owners with a highly differentiated and compelling service solution for their rapidly evolving needs,” said Jack Bennett, CEO of NovaSource.
“I have a tremendous amount of respect for the Novasource team and their success managing the largest solar systems in the world. I look forward to working with the existing Novasource leadership to build the most trusted and innovative solar and storage O&M company in the world. The combined scale, coverage, and experience will bring tremendous value and capabilities to our existing and future customers,” said Derek Chase, CEO of SunSystem Technology.
Clairvest recently announce its purchase agreement with First Solar to acquire its North American Operations and Maintenance business, which consists of over 200 additional O&M associates.
News item from NovaSource