Pason Invests US$20 Million In Solar Power And Energy Storage Industry

None
Image: Zbynek Burival, Unsplash

Pason Systems Inc. has invested US$20 million to acquire the majority interest in a U.S.-based software company that provides products and services for the solar power and energy storage industry.

By combining this U.S. software company with subsidiary Pason Power Inc., Pason intends to provide a robust and compelling software and control system that enables solar and energy storage developers to secure more projects and deploy assets for their customers with higher confidence.

“With this strategic investment, we are strengthening our position in this exciting and rapidly-growing industry” Marcel Kessler, Pason’s president and chief executive officer, said in a news release.

Over the past two years, he added, Pason Power has built a foundation in the solar and energy storage market through its Storage Architect, iEMS, and Energy DataHub products.

“With the combined capabilities of Pason Power and the company, and building on Pason’s deep data management expertise, we are positioning ourselves for meaningful growth and presence in the solar and energy storage market.”

  • Sections:
  • M&A

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.