Ivy Vitality and Glow Vitality Be 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 power billing expertise. The merger combines two visionary firms devoted to accelerating the decarbonization of multi-tenant actual property properties by means of modern renewable power options equivalent to photo voltaic, power 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 power 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 answer for onsite photo voltaic power and EV billing. This can additional Ivy Vitality’s mission of simplifying clear power adoption for multi-tenant buildings, benefiting property house owners and tenants alike.
“We pursued this acquisition as a result of each Ivy and Glow share a deep perception out there we’re enabling,” stated Dover Janis, CEO of Ivy Vitality. “After we sat down with Glow’s team-Greg, Ross, and the remainder of the staff, 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 may create one thing actually transformative if we found out a strategy to deliver 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 power future in multi-tenant actual property,” stated Greg Sirotek, CEO of Glow Vitality. “With the expertise and experience we deliver 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 quicker to deliver clear power to extra rental communities, making a significant impression for tenants and property house owners alike.”
The strategic acquisition strengthens Ivy Vitality’s product choices and management staff, bringing Glow Vitality’s property and expertise beneath one roof. Each firms are dedicated to advancing native clear power options to assist cut back carbon footprints, simplify power administration, and ship split-incentive worth for property house owners and tenants.
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