Diversified Communications acquires three North American energy events

March 8, 2019 — Fusion DigiNet

Diversified CommunicationsDiversified Communications has acquired three North American events – Intersolar, ees (electrical energy storage) and Power2Drive North America – from German-based organisers, Solar Promotion International and FMMI. The events, co-located for the past eleven years in San Francisco in July, will move to San Diego Convention Center for February 4-6, 2020. The terms of the transaction were not disclosed.

Since 2008, Intersolar North America has served as the industry’s go-to source for information and networking opportunities to move the North American market forward. Co-located with ees North America, Intersolar North America’s exhibition and conference sits at the cross-section of solar technology, energy storage, and smart renewable energy.

Covering the entire value chain of innovative battery and energy storage technologies, ees North America is the leading exhibition and conference for the electrical energy storage industry. ees North America connects manufacturers, distributors, users and suppliers of stationary and mobile storage products in the epicenter of the U.S. storage market, California.

Power2Drive, the special exhibition for charging infrastructure and electromobility, reflects the opportunities and the necessity of the energy transition in the transportation sector. The focus is on batteries for electric vehicles as well as charging technologies and infrastructure for clean mobility and distributed storage.

Diversified owns and operates a 1.5 Megawatt solar farm in Brunswick, Maine. Theodore Wirth, Diversified Communications’ President and CEO, said, “Our interest in solar stems from our Board of Directors; and growing our own event series in solar and energy storage is an exciting way to further contribute to the renewable energy industry”.

Diversified Communications’ Corporate Vice President of Strategy & Corporate Development, Oakley Dyer, added, “We’ve been looking to enter the solar market in a significant way for several years and have been watching Intersolar closely due to their successful worldwide footprint and sterling reputation. The time was right for both parties and we are thrilled to bring our depth of expertise in trade show operations to these exciting markets; and perhaps most importantly, bring Diversified’s enthusiasm for solar’s role in the new energy economy.”

USA, Portland, ME & Germany, Pforzheim

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Duke Energy assumes full ownership of California-based REC Solar

December 8, 2017 — Fusion DigiNet

Duke EnergyDuke Energy, one of the largest energy companies in the U.S., announced today it has acquired full ownership of California-based REC Solar, a provider of renewable energy solutions for commercial customers throughout the country. Details of the deal were not disclosed. Duke Energy first acquired a majority interest in REC Solar in February of 2015.

REC Solar is a nationwide provider of complete commercial, public sector and utility-scale solar solutions, founded in 1997. The company offers all design, engineering, financing and maintenance services in house, allowing for a simple customer experience.

“REC Solar complements our strengths in forming strategic partnerships with customers of all sizes,” said Chris Fallon, vice president Duke Energy Renewables and Commercial Portfolio. “Energy solutions specifically tailored to the commercial consumer will expand renewable energy opportunities for enterprise, municipal, educational and business customers, large and small.”

USA, Charlotte, NC, San Luis Obispo, CA

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GDF SUEZ acquires Ecova for $335M

June 2, 2014 — Fusion DigiNet

gdf suezFrench energy group, GDF SUEZ is acquiring Ecova for $335 million. Ecova, an indirect subsidiary of Avista Corp, helps its clients in North America reduce energy cost and resource consumption. Completion is expected by July 1, 2014.

GDF said that the acquisition is part of a strategy of developing its Cofely brand in energy services.

ecovaThe company serves more than 700,000 clients sites and employs more than 1,450 individuals based in 18 offices across North America. Ecova manages $20 billion of utility expenses (energy representing the majority) and generated $180 million of revenues in 2013.

Commenting on the acquisition, Jérôme Tolot, GDF SUEZ Executive Vice President in charge of Energy Services, said: “This acquisition is a major step for the Group in energy efficiency. It will reinforce our expertise in energy data management and combined with our multi-technical know-how in energy efficiency. We will be able to offer innovative and concrete services to assist our clients with the transition to a low carbon economy. In this context, we are pleased to welcome Ecova, its employees and its customers to the GDF SUEZ family of businesses.”

USA, Spokane, WA & France, Paris

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