Q CELLS completed the acquisition of San Francisco-based energy storage solutions company Growing Energy Labs, Inc. (Geli). The two companies have begun the process of integrating its U.S. operations. As previously announced, the transaction brings together Geli’s end-to-end software platform and proprietary artificial intelligence technology with Q CELLS’ market-leading solar solutions.
What it means: As one of the only providers of integrated C&I PV+EMS+ESS solutions, Q CELLS can now provide accurate project energy analytics, sizing & revenue projections, one-stop contracting & supplying, and commissioning & operations. These core capabilities are expected to provide customers with optimized business velocity, business efficiency, and business confidence, resulting in maximized project value and revenue potential.
“Q CELLS and Geli have long been committed to innovation and a cleaner tomorrow through smart energy solutions. We are pleased to reach today’s milestone and to finally welcome the Geli team to the Q CELLS family. Together we hope to strengthen our commitment to the U.S. market and to bring superior value to our customers and partners in a segment slated for future growth.” Hee Cheul (Charles) Kim, CEO of Q CELLS said.
“We’re tremendously excited about the acceleration Q CELLS is bringing to our business”, said Dan Loflin, CEO of Geli. “Our customers see value in the strength of software offerings paired with industry leading PV and ESS, along with the support of a financially bankable and reliable brand like Q CELLS.”