Locus Energy Surpasses 1GW of Solar Capacity Under Management
Leading solar monitoring and analytics provider to expand team with key roles to support growth
HOBOKEN, N.J., May 20, 2015 /PRNewswire/ -- Locus Energy, a performance monitoring and data analytics platform provider for the solar photovoltaic (PV) market in the residential, commercial and utility sectors, today announced that its fleet has surpassed 1 gigawatt (GW) of solar capacity in the United States. This milestone reflects record growth in the solar monitoring sector, which has outpaced solar market growth as owners and operators retrofit already installed systems with monitoring and install monitoring on new solar PV systems as they come online.
In another sign of its extraordinary growth, Locus has also announced the expansion of its team with three new members.
"The growth in the solar industry has resulted in a demand for sophisticated fleet management and analytics software to help asset managers better manage large fleets of solar installations," said Michael Herzig, CEO. "Our growth is a result of our ability to meet that demand. As we push past the 1 gigawatt mark, we continue to refine and expand our offerings with the help of a talented technology team whose new members will help us continue our growth trajectory."
Locus provides solar monitoring hardware, as well as cloud-based fleet management software, SolarNOCTM, which helps solar asset managers manage large fleets of heterogeneous solar assets. In addition, Locus offers the PVIQ Suite of advanced analytics tools, which provides real-time intelligence on performance, allowing asset managers to easily identify which systems are not meeting performance expectations and the reasons for that underperformance.
PVIQ is comprised of three elements: Virtual Irradiance, or VI, a satellite-based irradiance modeling tool; the Waterfall performance report; and an Excel plug-in that allows users to stream data directly into spreadsheets, dramatically reducing the time required to prepare performance reports.
Collecting data from diverse solar assets spread over a wide geographical region and translating it into actionable operations and management (O&M) commands can be time-consuming and expensive for even the most experienced asset management teams. Locus' software tools address this need, helping to accelerate the adoption of solar by streamlining O&M functions, increasing performance, decreasing O&M costs and mitigating risk.
"Locus is our go-to monitoring solution for our residential and commercial solar installations because their software tools make our job easier and impress our customers," said Rick Berube, Executive Vice President, Operations at Standard Solar. "Locus' staff and customer support personnel are knowledgeable and a pleasure to work with on a daily basis, and their technology is always ahead of the curve when it comes to innovation in solar."
The new team members will support Locus' position as a leader in solar fleet management and analytics software. Locus' hardware and software are now being used at nearly 70,000 sites by more than 500 customers including asset managers; engineering, procurement and construction (EPC) contractors; project developers; and O&M providers. Locus has been named the nation's largest independent solar monitoring provider in the residential segment for two consecutive years.
The new team members are Jyoti Jain, Jessica Nee and Prerit Agarwal. Jain will take on the role of Director of Software Product Management, Nee will become the Manager of Fleet Operations and Agarwal joins as Manager of Field Applications Engineering.
- As Director of Software Product Management, Jyoti Jain will lead product strategy. Jain comes from a smart grid software background, having worked as Senior Product Manager at eMeter Corp., a Siemens business. In this position, she helped funnel new product ideas toward development and product launches. Her expertise will help accelerate product adoption and revenue growth across Locus' target markets.
- Jessica Nee's role as Manager of Fleet Operations will be to streamline operations and oversee customer service. Nee has extensive experience in support operations, having served as senior manager at EnerNOC, a leading provider of energy intelligence software, where she was responsible for building out the customer support infrastructure and managing the customer support team.
- Prerit Agarwal will lead the Technical Account Management team in his role as Manager of Field Applications Engineering. He comes from an engineering management background at Ausenco, an engineering and project management company, where he was principal engineer, advising clients on plant operations and performance and designing SCADA (supervisory control and data acquisition) systems for gathering and analyzing real-time data.
The expansion of Locus' monitoring footprint and technology team follows the company's recognition as a 2015 Bloomberg New Energy Pioneer. Locus was one of 10 companies chosen to receive the prestigious award, which identifies game-changing companies in the field of clean energy technology and innovation.
About Locus Energy
Locus Energy is a solar monitoring and data analytics platform provider for the distributed PV market spanning the residential, commercial and utility sectors, with nearly 70,000 systems deployed in North America. Locus Energy's cloud-based software aggregates, organizes and analyzes performance data from multiple sources, making it easier to access, manage and identify the causes of a solar system's failure to meet performance expectations. With a deep intellectual property portfolio, Locus provides many of the largest utilities, capital providers, equipment manufacturers and asset managers with sophisticated software to track performance across distributed solar installations. Locus Energy has its corporate headquarters in Hoboken, N.J., and technology headquarters in San Francisco. For more information, please visit locusenergy.com.
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SOURCE Locus Energy
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