Swell Energy Inc. Acquires Renu Energy Solutions to Expand Virtual Power Plant Footprint to Key Markets
Acquiring Company
Swell Energy
Acquired Company
Renu Energy Solutions
Santa MonicaCharlotteRenewable EnergyRenewable EnergyDescription
Swell Energy Inc., a leading energy management and grid solutions provider, has acquired Renu Energy Solutions, a Carolina-based company that offers customized residential and commercial solar and energy storage solutions. This acquisition aims to combine operational and technological capabilities to expand the deployment of Virtual Power Plants (VPPs) in key energy markets, particularly in the Southeast and mid-Atlantic region.
Quick answer
Swell Energy is acquiring Renu Energy Solutions, announced February 7, 2024. Swell Energy is based in Santa Monica, California, United States.
- How much did Swell Energy pay for Renu Energy Solutions?
- The deal value was not disclosed.
- What does Swell Energy do?
- Swell Energy is creating a greater grid for the greater good.
- Where are Swell Energy and Renu Energy Solutions based?
- Swell Energy is based in Santa Monica, California, United States. Renu Energy Solutions is based in Charlotte, North Carolina, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Renu Energy Solutions?
Renu Energy Solutions was acquired by Swell Energy, based in Santa Monica. The deal was reported on February 7, 2024. Swell Energy is creating a greater grid for the greater good. Swell Energy is privately held and operates in Renewable Energy.
When did Swell Energy acquire Renu Energy Solutions?
Swell Energy's acquisition of Renu Energy Solutions was reported on February 7, 2024. Swell Energy Inc., a leading energy management and grid solutions provider, has acquired Renu Energy Solutions, a Carolina-based company that offers customized residential and commercial solar and energy storage solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Renu Energy Solutions do?
Renu Energy Solutions provides high-quality solar installations, as well as proven energy-saving products and services like energy storage and system monitoring. It is privately held, operating in Renewable Energy, and is based in Charlotte.
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