NovaSource Expands Lifecycle Services Platform with Acquisition of Heliolytics

AUSTIN, TX (January 5, 2022) — NovaSource Power Services (“NovaSource”), a global leader in solar operations and maintenance services, today announced it has acquired advanced aerial inspections and site data service provider Heliolytics, Inc. This strategic acquisition is highly complementary to NovaSource’s existing O&M portfolio and strengthens the company’s ability to offer best-in-class lifecycle services within the renewable energy sector.

NovaSource is the industry frontrunner in data-driven asset performance services, with 18GW+ currently under management. Frequent collaborator Heliolytics is the worldwide standard-bearer for aerial site inspection, site optimization, and advanced site analysis, with more than 100GW of global experience. The combined expertise and resources will provide the solar industry with the most comprehensive suite of lifecycle services, which are at the forefront of renewables operations and maintenance.

“The Heliolytics platform allows us to further expand our digital platform capabilities, creating a clear market leadership position,” said Troy Lauterbach, CEO of NovaSource Power Services. “Our acquisition of Heliolytics creates enhanced economic value for customers by enabling high-fidelity issue detection, increasing asset energy yield. We are honored to join forces with the Heliolytics team.”

“NovaSource is building an exciting platform to offer the next generation of solar lifecycle operations,” said Heliolytics CEO and Co-Founder Rob Andrews. “We are thrilled to integrate with NovaSource as we both share the same vision of what the future of solar operations should be. Together, we have the capability to accelerate that vision and scale our existing and new service offerings, while continuing to offer our industry-leading third-party services, to provide more value to customers, globally.”

Heliolytics, based in Toronto, Ontario, CAN, will continue as a standalone entity and will retain the Heliolytics name, branding, and personnel.

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