Texas-based Enverus, an energy-dedicated SaaS company, recently purchased Pittsburgh-based Pearl Street Technologies, an automation solutions company.
The purchase strengthens Enverus’ suite of solutions. Pearl Street’s products expedite interconnection and other grid planning studies with the goal of increasing queue volumes. There are 2.4 terawatts of proposed projects waiting in nationwide interconnection queues, according to Enverus.
“With project success rates remaining low, investors and power developers need a comprehensive solution to effectively navigate risks, economic returns and seize opportunities in today’s evolving energy landscape,” Manuj Nikhanj, Enverus CEO, said. “Pearl Street Technologies has established itself as a leader in this space, streamlining interconnection and grid planning studies for some of the largest balancing authorities and market participants. We are excited to integrate Pearl Street’s and Enverus’ data, analytics and platforms to provide an unprecedented end-to-end solution to all power market participants.”
Pearl Street Technologies’ portfolio includes its two software automation products, Suite of Unified Grid Analyses with Renewables (SUGAR) and Interconnect.
SUGAR’s simulation and modeling capabilities allow grid operators and utilities to expedite some of the more time-consuming aspects of interconnection studies.
Interconnect utilizes SUGAR and is designed for developers, M&A firms and financiers, and provides customizable interconnection studies and risk assessments.