Envision Digital, the largest manager of renewable energy in the world with over 400 GW under management and the creator of the EnOSTM net zero platform, announced it has completed the acquisition of QOS Energy, a global leader in the fast-growing renewables Asset Performance Management (APM) category. The acquisition supports the growth plans of Envision Digital as the worldwide demand for energy transition solutions continues to accelerate across all industries.
QOS Energy is a leading energy management software supplier to the Commercial & Industrial (C&I) market segment and has a strong presence in solar energy in Europe, the US and India, with a client portfolio totaling more than 10GW across 8,000 power plants.
As part of the acquisition, the companies will integrate QantumTM, QOS Energy's cloud-based energy management solution, into Envision Digital's product line to enable the company to provide end-to-end support for renewable energy performance management and control, and to better serve clients with small and medium distributed energy systems.
With the addition of Qantum, the EnOS platform provides comprehensive end-to-end support for the net-zero initiatives of all industries and sizes of organisation and government. EnOS capabilities span not only renewable energy management, but also buildings, factories and transportation system optimisation, EV charging systems, compliance reporting, energy trading, and carbon offset market engagement.
All existing QOS Energy customers will continue to be supported by the QOS Energy team, augmented by Envision Digital's global support and security operations.
With this acquisition, which has received FDI approval by the French government, Envision Digital will increase research and development investment in QOS Energy's platform and French-based research and development team, and expand the market for QOS Energy solutions in Asia and the Americas.
Maher Chebbo, Managing Director Europe, Envision Digital said: "QOS Energy has built a robust solution that its customers depend on to manage their renewable energy programs. By adding QOS Energy's solution to our portfolio, we can provide a truly end-to-end solution for renewable energy management and better support renewable energy producers of all sizes to accelerate our net zero mission. We are impressed by QOS Energy's team and processes and their understanding of the needs of the global C&I market and look forward to working together."
Franck Le Breton, Co-Founder and CEO of QOS said: "Constantly adapting to the rapidly changing needs of our customers is an essential part of our approach. Joining Envision Digital will allow us to redouble our efforts and accelerate the development of value-added features to better serve our customers in making data-driven decisions at the right time to maximize their asset portfolio performance. Combining the flexibility of our solution with the EnOSTM platform's AI and IOT capabilities will bring a decisive advantage to the market we address. We look forward to joining the Envision Digital family."