What is NovaSource?
Headquartered in Chandler, Arizona, NovaSource Power Services stands as the world's largest independent provider of operations and maintenance for solar power plants. Serving a diverse clientele across residential, commercial, industrial, and utility-scale segments, NovaSource is dedicated to upholding a culture of safety and integrity. The company's core mission revolves around the design, maintenance, and management of renewable energy assets, aiming to deliver exceptional value and foster enduring partnerships with its customers and team members. As a portfolio company of Clairvest Group Inc., NovaSource is strategically positioned to capitalize on the expanding renewable energy market.
How much funding has NovaSource raised?
NovaSource has raised a total of $100M across 1 funding round:
Private Equity
$100M
Private Equity (2022): $100M with participation from OMERS Private Equity
Key Investors in NovaSource
OMERS Private Equity
OMERS Private Equity is an investment firm focused on partnering with strong management teams to transform companies into global industry leaders. As part of OMERS, which manages significant assets for municipal employees in Ontario, they emphasize sustainable investing and possess extensive global portfolio and industry expertise.
What's next for NovaSource?
With its recent major strategic investment and substantial overall capital, NovaSource is poised for accelerated growth and enhanced operational capabilities. The company's focus on expanding its service portfolio and maintaining a world-class safety culture suggests a strategic direction aimed at solidifying its leadership in the solar O&M market. Future developments are likely to involve technological advancements in asset management, further geographic expansion, and potentially new service offerings to support the evolving needs of the renewable energy sector. This sustained backing indicates strong investor confidence in NovaSource's business model and its critical role in the clean energy transition.
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