Nautilus Solar Energy, LLC, a leading full service solar solutions provider in the United States and Canada, and Swinerton Renewable Energy, an Engineering, Procurement, and Construction (EPC) company, providing Operations and Maintenance (O&M) services for renewable energy projects under the name, SOLV®, are pleased to announce an agreement to provide combined Asset Management services to utility-scale (grid-tied) customers in the United States.
Both entities recently established new divisions to address the growing demand for asset management services. Nautilus Solar has been providing its customers with asset management services since 2007. Seeing the demand in the solar market, the company launched an asset management division. Now branded as Integrated Asset Management, this division offers physical, operational and financial asset management functions designed to enhance system performance, mitigate risk and protect asset value. SOLV provides design engineering services, plant controls, performance analytics, asset management, optimization, monitoring, and management utilizing the SOLV software platform.
Recognizing each entity's respective strengths and common vision regarding a "total or integrated" asset management solution for third-parties customers, Nautilus and SOLV will leverage their expertise to provide a full suite of seamless asset management services for utility-scale customers throughout the United States. For these target customers, Nautilus will provide financial asset management services with SOLV providing physical and operational asset management services.
The solar industry continues to grow at an accelerated rate. According to the Solar Energy Industries Association (SEIA), 51 percent of all new electric capacity installed through the first quarter of 2015 was from solar. While the focus of the industry during its early years was on getting systems up and running, it is now shifting to asset management as stakeholders recognize the need to maintain or increase their returns on investment (ROI).
"This partnership solidly puts both Nautilus and SOLV in the forefront of providing comprehensive asset management solutions," said Jim Rice, Nautilus's CEO. "Although there are many solar stakeholders performing some asset management functions, few perform a "one-stop shop" of interdependent asset management services which can offer solar stakeholders a significant opportunity to increase their ROI," added Rice.
"We're very excited to work with the Nautilus team," remarked George Hershman, Vice President and Division Manager of Swinerton Renewable Energy. "The combined marketing and service delivery efficiency of this partnership will help both companies expand their asset management customer base and showcase a multitude of services and capabilities."
