Sydney-based energy monitoring software specialist Solar Analytics has been bought up by Catch Power, one of Australia’s leading manufacturers of energy management devices, in a merger that promises to deliver an all-in-one home energy solution.
The acquisition, announced this week, will combine and build on the two companies’ “highly complementary” range of hardware and software services, with Solar Analytics staff to join Catch Power’s team, growing it to 40 staff.
Catch Power’s latest offerign is a smart control unit to orchestrate solar, batteries, hot water electric vehicle chargers and a variety of other loads to optimise bill savings and/or grid services – such as virtual power plants – or to cater to user preference.
Solar Analytics, meanwhile, has focused on the development of sophisticated solar monitoring software to maximise rooftop PV savings, including through features like tariff optimisation and automated alerts.
“By combining Catch control hardware and Solar Analytics software, solar owners and buyers will be able to achieve the energy freedom of a Nil Bill home,” said Solar Analytics CEO Stefan Jarnason on Thursday.
“The integration of our two businesses provides an all-in-one home energy solution for solar retailers and solar owners.
“Solar retailers can manage their entire fleet in one solution to maximise sales and optimise customer service, while solar owners get simplified energy control and maximum savings.”
Catch Power CEO Scott Young says the merger will position the company to “dominate” the control and monitoring market.
“The incredible expertise, experience and technical capabilities we now have will undoubtedly accelerate our goal of helping solar owners to control and maximise their solar and energy savings, and puts us a long way ahead of all our competitors in scale and capability,” Young said.
The companies say that, initially, access to their respective existing products and services will remain unchanged, with more detailed announcements in the coming weeks on how this will evolve.
Sophie is editor of One Step Off The Grid and deputy editor of its sister site, Renew Economy. Sophie has been writing about clean energy for more than a decade.
This post was published on May 10, 2024 12:13 pm
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