Funding and M&A Roundup: Power Factors Acquires Renewable Software Provider Inaccess
KORE Power acquires a 4.22% stake in ZEVx
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Power Factors, a provider of renewable asset management software, acquired Inaccess, a provider of integrated mission-critical software and hardware solutions for renewable energy projects, battery energy storage systems, hybrid plants, and virtual power plants. The financial terms of the acquisition were not disclosed. Power Factors plans to combine its asset performance management solutions with Inaccess’ SCADA, power plant and battery control, and market trading offerings to support the transition of the global renewable energy market. Through the acquisition, Power Factors expands its customer asset management portfolio to nearly 200 GW.
