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PowerGEM, LLC completes acquisition of Astrapé Consulting to strengthen capabilities in clean energy transition management

PRIVATEApr 30, 2024

Acquiring Company

PowerGEM

Acquired Company

Astrapé Consulting

New YorkHooverEnergyOil And GasRenewable EnergyEnergyRenewable EnergyConsulting

Description

PowerGEM, LLC, a leading provider of transmission reliability modeling and market analysis software, has successfully acquired Astrapé Consulting, a leader in resource adequacy for managing the transition to clean energy. This acquisition enhances PowerGEM's capabilities and expertise in providing comprehensive solutions for system operators and planners to meet the evolving operational and planning needs of the North American power grid and related markets, particularly in the expanded and sustainable use of renewable energy resources.

Quick answer

PowerGEM is acquiring Astrapé Consulting, announced April 30, 2024. PowerGEM is based in New York, United States.

How much did PowerGEM pay for Astrapé Consulting?
The deal value was not disclosed.
What does PowerGEM do?
PowerGEM, LLC is a leading provider of transmission reliability modeling, market analysis software, and technical services for the electric power industry.
Where are PowerGEM and Astrapé Consulting based?
PowerGEM is based in New York, United States. Astrapé Consulting is based in Hoover, Alabama, United States.
Who are the decision-makers at PowerGEM?
Fundz holds 1 contact at PowerGEM. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

PowerGEM

Location

New York, United States

About

PowerGEM, LLC is a leading provider of transmission reliability modeling, market analysis software, and technical services for the electric power industry. The company aims to optimize grid reliability, market efficiency, and strategic energy and risk valuation modeling, serving more than 230 system operators, utilities, consultants, and developers.

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Frequently asked

Who acquired Astrapé Consulting?

Astrapé Consulting was acquired by PowerGEM, based in New York. The deal was reported on April 30, 2024. PowerGEM, LLC is a leading provider of transmission reliability modeling, market analysis software, and technical services for the electric power industry. PowerGEM is privately held and operates in Energy.

When did PowerGEM acquire Astrapé Consulting?

PowerGEM's acquisition of Astrapé Consulting was reported on April 30, 2024. PowerGEM, LLC, a leading provider of transmission reliability modeling and market analysis software, has successfully acquired Astrapé Consulting, a leader in resource adequacy for managing the transition to clean energy. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Astrapé Consulting do?

Astrapé Consulting is a leader in resource adequacy for reliably managing the transition to clean energy. It is privately held, operating in Energy, and is based in Hoover.

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