E Source acquires battery storage consultant Cairn ERA
E Source, which provides research, data science software and consulting services to utilities, has acquired Cairn Energy Research Advisors, a Boulder-based consulting firm specializing in battery storage.
Terms of the contract are not disclosed.
Cairn ERA serves customers in the battery and energy supply chain, including electric utilities, energy developers and international companies.
“Cairn ERA, a leader in battery technology information, is helping early adopters make good, data-driven decisions,” E Source CEO Ted Schultz said in a statement. “We remain at the forefront of this movement by expanding the relationship with Cairn ERA’s existing client base and bringing the expertise and practical experience of this team to our clients. We aim to accelerate the adoption of this revolutionary technology.
Cairn ERA represents the sixth acquisition of E Source in the last 24 months.
“Joining E Source and serving the utility space is like coming home,” said Sam Jaffe, CEO of Cairn ERA. “Renewable energies are disrupting the utility model and batteries are part of the solution. With the combined strength of E Source and Cairn ERA, we can unleash the capacity of utilities to remove the middleman and lead in ways that were not historically possible. “
E Source, based in Boulder, was acquired by Align Capital Partners in 2019. Align, with offices in Cleveland and Dallas, is a private equity firm with $ 775 million in committed capital, according to a press release announcing the acquisition of Cairn ERA.
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