Esco acquires Renewable NRG Systems

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Inside the Esco Technologies offices in St. Louis. Source: Esco Technologies LinkedIn

St. Louis, Missouri-based global energy provider Esco has acquired the renewable energy arm of NRG Systems, located in Vermont, under undisclosed terms.

Renewable NRG Systems will join Esco’s Utilities Solutions Group (USG) as the company has experience in serving electric utilities, as well as renewable energy developers, research institutes and government agencies.

In particular, NRG Systems specialises in wind plant optimisation and resource assessment equipment, as well as solar monitoring equipment, which allows project operators to track electrical output precisely in order to trigger real-time maintenance and build long-term preventative maintenance programmes.

These tools will prove an asset to Esco, which will be able to improve the customer experience by providing equipment to expand renewable energy output. According to Esco CEO and chairman Vic Richey, adding NRG “introduces a unique and exciting growth opportunity” for the company.

“NRG is clearly a market leader with an exceptional brand, reputation, and strong management team, and I’m excited to welcome the outstanding and dedicated employees of NRG to our team,” he added.

Justin Wheating, president of NRG, expressed a similar sentiment: “Becoming part of ESCO further strengthens our ability to grow through the continued investment in new products and the expansion of our existing technologies into new markets. We are excited about our future and pleased to join a company that shares our core values and demonstrates its strong focus on customers and employees.”

Read Next

May 5, 2021
SHV Energy, a Netherlands-based liquified petroleum gas (LPG) distributor, has acquired a majority stake in Indian solar developer SunSource Energy.
April 20, 2021
India presents an “enormous potential” for the development of solar and wind hybrid power systems, with more than 12.3GW of collocated tenders issued in the country to date.
April 16, 2021
There was a more than fourfold increase in corporate solar funding in Q1 2021 compared with the same quarter last year, amid strong demand for PV assets globally, according to new analysis by Mercom Capital.
April 15, 2021
Renewable energy software providers Power Factors and Greenbyte have joined forces, creating an entity that supports more than 75GW of solar, wind and energy storage assets globally.
April 14, 2021
Meyer Burger is on track to start shipments of its first heterojunction (HJ) solar modules made in Germany to distributors in July.
April 13, 2021
US independent power producer Catalyze has expanded its project pipeline to more than 2GW through the acquisition of commercial and industrial (C&I) solar developer PermaCity.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021