Ivy Energy and Glow Energy Join Forces to Decarbonize Multi-Tenant Buildings
Cleantech San Diego member Ivy Energy, a leading provider of Solar and EV billing solutions for multi-tenant real estate, has announced the acquisition of Glow Energy, a key innovator in distributed energy billing technology. The merger combines two visionary companies dedicated to accelerating the decarbonization of multi-tenant real estate properties through innovative renewable energy solutions such as solar, energy storage, EV charging, and demand response programs.
The merger represents a significant milestone in the intersection of cleantech and real estate technology, as it enhances Ivy Energy’s capability to support the global energy transition. By integrating Glow Energy’s market momentum, technical expertise, and growing customer base into Ivy Energy’s platform and ecosystem, this acquisition solidifies Ivy Energy’s role as the go-to solution for onsite solar energy and EV billing. This will further Ivy Energy’s mission of simplifying clean energy adoption for multi-tenant buildings, benefiting property owners and tenants alike.
“We pursued this acquisition because both Ivy and Glow share a deep belief in the market we are enabling,” said Dover Janis, CEO of Ivy Energy. “When we sat down with Glow’s team-Greg, Ross, and the rest of the team, we realized that our visions aligned. Their passion for decarbonizing buildings and solving niche problems in the shared Distributed Energy Resource (DER) market was undeniable. Together, we knew we could create something truly transformative if we figured out a way to bring efforts under one roof.”
“Joining forces with Ivy Energy is a natural fit, as both our teams share a vision for a clean, distributed energy future in multi-tenant real estate,” said Greg Sirotek, CEO of Glow Energy. “With the technology and expertise we bring from Glow, we’re excited to enhance Ivy’s offerings and deliver an even stronger suite of sustainability solutions for our clients. Together, we’re moving faster to bring clean energy to more rental communities, making a meaningful impact for tenants and property owners alike.”
The strategic acquisition strengthens Ivy Energy’s product offerings and leadership team, bringing Glow Energy’s assets and talent under one roof. Both companies are committed to advancing local clean energy solutions to help reduce carbon footprints, simplify energy management, and deliver split-incentive value for property owners and tenants.
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