Akshay Sagar Joins as President and Chief Executive Officer of NovaSource Power Services
Sagar is an energy services industry veteran who brings decades of global expertise and business acumen to NovaSource (Chandler, May 1, 2024) NovaSource Power Services (“NovaSource”), a global leader in solar operations and maintenance (“O&M”) services and a portfolio company of Clairvest Group Inc. (“Clairvest”, TSX: CVG) and OMERS Private Equity, the private equity arm of […]
Novasource Power Services Chile reaches 300,000 hours without an accident
Novasource Chile, the Chilean-based subsidiary of the global O&M leader NovaSource Power Services, is proud to announce it has reached a significant milestone in safety. The company recently surpassed a cumulative 300,000 hours in all their sites without any accidents, a testament to their commitment to the well-being of their employees and the communities in which they […]
Former Canadian Minister of Finance Bill Morneau Joins NovaSource Power Services as Chairman of the Board
NovaSource Power Services (“NovaSource”), a global leader in solar operations and maintenance (“O&M”) services and a portfolio company of Clairvest Group Inc. (“Clairvest”, TSX: CVG) and OMERS Private Equity, the private equity arm of OMERS, is proud to announce the appointment of Bill Morneau as the new chairman of the Board of Directors of NovaSource. Mr. Morneau, […]
NovaSource Power Services acquires First Solar’s Australian O&M Business
Chandler, AZ (October 4, 2022) — NovaSource Power Services (“NovaSource” or the “Company”), a global leader in solar operations and maintenance (“O&M”) services and a portfolio company of Clairvest Group Inc. (“Clairvest”, TSX: CVG) and OMERS Private Equity, the private equity arm of OMERS, announced its global operations expansion into Australia with the acquisition of […]
OMERS Private Equity Invests US$100 Million of Growth Capital in NovaSource Power Services
Toronto and New York, August 9, 2022 – OMERS Private Equity, the private equity arm of OMERS, the pension plan for municipal employees in Ontario, today announced that it has acquired a minority stake in NovaSource Power Services (“NovaSource” or “the Company”). NovaSource is a global leader in solar operations and maintenance (“O&M”) services to […]
NOVASOURCE Introduces the Solar Industry’s First DC Availability Guarantee
NovaSource Power Services (“NovaSource” or the “Company”), a portfolio company of Clairvest Group Inc. (“Clairvest”, TSX: CVG) and the global leader in solar operations and maintenances services, announced today that it is adding the next evolution of services to its product lifecycle packages for the North American market. NovaSource will provide an industry-first DC Availability […]
GLOBAL F.E.D. – The Power of Solar Site Data
Ordinarily, increased mass doesn’t lead to increased precision and efficiency— –but when it does, you’ve probably got something remarkable. This seems especially so with companies. As companies grow large, many lose their ability to tailor their services to each and every one of their customers. NovaSource is an exception. We’re larger than ever with approximately […]
NovaSource Expands Lifecycle Services Platform with Acquisition of Heliolytics
AUSTIN, TX (January 5, 2022) — NovaSource Power Services (“NovaSource”), a global leader in solar operations and maintenance services, today announced it has acquired advanced aerial inspections and site data service provider Heliolytics, Inc. This strategic acquisition is highly complementary to NovaSource’s existing O&M portfolio and strengthens the company’s ability to offer best-in-class lifecycle services […]
Pre-COD Services: Early Involvement Is Key
As your operations and maintenance company, NovaSource’s reputation (RE: our long-term viability) depends on your solar plant doing well. With that framing in mind, let’s talk about the activities impacting solar plant performance before we even step onsite (pre-COD). So far, per industry norms, O&M providers haven’t been closely involved in the development cycle of […]
Introducing: SunStreams
Let’s start with a percentage. 37% This is a powerful number if you own or operate a 1MW+ solar power plant. Why? The answer has to do with NovaSource’s latest in-house innovation: SunStreams. SunStreams is a new tech platform that improves your bottom line by remotely and automatically monitoring the performance of the numerous smaller […]
3G Network: Ready or not, the sunset is here.
3G networks will soon go dark. T-Mobile is set to shut down its 3G network in January 2022, AT&T’s next in February 2022, and Verizon goes last in December 2022. As we know, most distributed generation solar projects depend on these 3G networks to enable remote monitoring, so in order to maintain continuity of operations, all 3G devices need to be replaced with […]