Causam Energy will acquire Power Analytics and utilize the company’s Paladin platform to help develop advanced communications and analytics solutions for the power grid.
Causam chief executive officer Joe Forbes, Jr. says, “Power Analytics’ products and people are the best in the business. Having a proven suite of high value products with a significant portfolio of intellectual property behind them, substantially greater resources and strong, experienced management, this new company is uniquely positioned to develop and deliver the critical solutions required by the impending next generation energy grid.”
Power Analytics’ Paladin family of software products is used by utilities, government agencies, and commercial microgrids and data centers such as the University of California at San Diego, which operates the largest public microgrid in the United States.
Kevin Meagher, Power Analytics president and chief technology officer believes the acquisition “empowers us to continue providing high-quality products and service to customers while adding resources to extend and enhance our existing products that will help our customers meet the demands of the rapidly evolving grid.”
Forbes adds: “Microgrids and other distributed energy resources hold great promise for improving energy reliability and security, balancing loads and reducing our dependence on fossil fuels. This combination will accelerate the introduction of additional grid solutions, improving access, grid security, and data analytics.”
After the merger, Power Analytics will operate as a wholly-owned subsidiary of Causam, with Meagher becoming chief operating officer. Forbes, Taylor Brockman and David Bass will serve as CEO, CTO and CFO respectively for both Causam and Power Analytics.