NEW YORK and HOBOKEN, N.J., April 13, 2015 /PRNewswire/ -- Locus Energy, a solar monitoring and data analytics platform provider for the solar PV market – spanning the residential, commercial and utility sectors, has been named a 2015 Bloomberg New Energy Pioneer for its innovative solar software and analytics. Locus was one of ten companies chosen to receive this year's prestigious award, which identifies game-changing companies in the field of clean energy technology and innovation.
Locus Energy is helping to drive the rapid growth of solar PV energy generation by providing real-time monitoring and analytics intelligence tools to stakeholders in the residential, commercial and utility-scale PV markets. Locus' platform supports solar developers, asset managers, owners and financiers in managing their sites, maximizing energy yields and minimizing operating costs while also reducing operational risk.
"At Locus we are honored to receive this award recognizing our work in providing fleet and asset managers with the sophisticated tools that they need to manage large numbers of installations, maximize energy yields and minimize operating costs and risk," said Michael Herzig, CEO of Locus Energy. "As solar becomes a larger portion of overall generating capacity, our tools will increase in importance due to stakeholder focus on maximizing system output over the lifetime of their PV assets."
Locus has grown rapidly, with more than 500 customers and one of the nation's largest solar performance data sets of more than 50 billion rows of data. This wealth of solar data provides the foundation for Locus' advanced analytics solutions, including a reverse-simulation performance analysis and a highly-accurate satellite-derived irradiance engine. In the residential solar market, Locus has been named the nation's largest independent solar monitoring provider.
Each year a panel of industry experts from, academia, corporations, utilities, finance and technology incubators, selects ten New Energy Pioneers for their innovative technologies, increasing momentum, and potential for global scale. Past New Energy Pioneer winners include OPower, Tendril, Building IQ, BrightSource and LanzaTech.
Michael Wilshire, Head of Analysis and New Energy Pioneers Committee Chair at Bloomberg New Energy Finance says: "Our New Energy Pioneers program seeks to recognize innovative companies that have the potential to impact the future energy landscape. As the growth of solar accelerates, companies need to collect and manage large amounts of data in order to optimize performance of PV installations. Locus Energy addresses this need by providing a software and analytics platform that monitors PV plants, from residential to utility-scale, pinpointing the source of any problems."
About Locus Energy
Locus Energy provides monitoring hardware and cloud-based fleet management and analytics software for the residential, commercial and utility-scale solar PV markets. Locus Energy's sophisticated software platforms allow solar asset managers to easily manage O&M functions across large portfolios of heterogeneous assets, thus maximizing yields and minimizing operating costs. Locus draws its proprietary analytics data from the more than 75,000 solar systems under its management throughout North America, which collectively represent one of the nation's largest solar data sets at over 1GW. Locus' fleet management software aggregates and organizes performance data from multiple sources, making it easier to access, manage and analyze, while its powerful PVIQ analytics suite has the unique ability to identify the causes of a solar system's failure to meet performance expectations. Headquartered in Hoboken, N.J., Locus Energy has offices in New York and San Francisco. For more information, please visit locusenergy.com.
About Bloomberg New Energy Finance
Bloomberg New Energy Finance (BNEF) provides unique analysis, tools and data for decision makers driving change in the energy system. With unrivalled depth and breadth, we help clients stay on top of developments across the energy spectrum from our comprehensive web-based platform. BNEF has 200 staff based in London, New York, Beijing, Cape Town, Hong Kong, Munich, New Delhi, San Francisco, São Paulo, Singapore, Sydney, Tokyo, Washington D.C., and Zurich. For more information on Bloomberg New Energy Finance:about.bnef.com.
Media Contact: Susannah Callahan, 201-465-8006, [email protected]
SOURCE Locus Energy