Caterpillar Inc. purchases Pennsylvania energy service company

Caterpillar Inc., a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, recently purchased Kennett Square-based Tangent Energy Solutions, an energy-as-a-service (EaaS) company.

“Tangent Energy has developed a suite of intelligent energy solutions that leverages advanced analytics to provide value to customers,” Jason Kaiser, vice president of Caterpillar Electric Power, said. “Tangent’s EaaS offerings complement Caterpillar’s broad portfolio of electric power products, enabling us to better serve customers for reliable, efficient, sustainable, and connected power solutions that support business operations while generating new revenue streams.”

Tangent Energy’s software solutions monitor patterns from grid and client facilities, analyze opportunities in energy markets, and maximize return without disrupting normal business operations.

The company provides turnkey solutions for monetizing electric grid support, reducing emissions, increasing energy efficiency, reducing energy costs, and providing resiliency for customer operations.

Tangent Energy Solutions will operate under Caterpillar’s Electric Power Division under the Tangent Energy brand.

“Caterpillar is at the forefront of the industry in delivering robust and efficient power solutions supported by advanced digital offerings,” Dean Musser, Tangent Energy Solutions president and CEO, said.

Caterpillar primarily operates in three segments: energy and transportation, resource industries, and construction industries. The company also provides financing and related services through the financial products segment.