Greentech Lead America: Draker, a provider of integrated
end-to-end monitoring solutions, and Solar Power Technologies Inc.
(SPTI) which is focused on helping developers maximize the financial
performance of large-scale solar assets, have merged to form a company to offer
innovating performance management solutions for commercial and utility-scale
solar markets.
Under this agreement, the companies will merge SPTI’s DC
monitoring and optimization technology with Draker’s asset management platform
to form a new company. The combined entity will operate under the “Draker”
name.
Solar Power Technologies provides a range of
compatible monitoring and optimization hardware products, supported by a suite
of web-based data management and analysis tools.
Draker provides accurate and highly reliable solar
monitoring and asset management solutions that help owners and operators of
commercial and utility-scale PV systems maximize the efficiency and
profitability of their solar assets.
The combined company also has closed an $8 million equity
raise led by Austin Ventures, with participation from Harbor Light Capital
Partners and other existing investors from both companies. The
funding will be used to accelerate the development of the company’s integrated
suite of monitoring, optimization, control and asset management products.
It will also increase the sales and marketing efforts and expand its
global operations.
With this merger, Draker can deliver insight,
intelligence and control from the panel to the grid, giving array owners the
ability to manage their site down to a single panel or across an entire
portfolio of solar assets. It will provide solar
asset owners and operators with unprecedented capabilities to predict, measure,
monitor, manage, optimize and control the performance and health of their
large-scale PV assets.
editor@greentechlead.com