What is NovaSource?
NovaSource Power Services, a portfolio company of Clairvest Group Inc., is recognized as the world's largest independent provider of operations and maintenance (O&M) services for solar power plants. Headquartered in Chandler, Arizona, the company caters to a diverse range of clients, including residential, commercial, industrial, and utility-scale projects. NovaSource is dedicated to upholding a culture of safety and integrity while fostering robust partnerships with its customers and team members. Its core mission revolves around enhancing the design, maintenance, and management of renewable energy assets, positioning it as a key player in ensuring the longevity and efficiency of solar infrastructure.
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 substantial assets for municipal employees in Ontario, it emphasizes sustainable investing and possesses extensive global portfolio and industry expertise.
What's next for NovaSource?
With a significant infusion of capital, NovaSource is strategically positioned for accelerated growth and enhanced service delivery within the burgeoning solar O&M market. The company's focus on maintaining a world-class culture of safety and integrity, coupled with its extensive experience, suggests a trajectory aimed at expanding its operational footprint and technological capabilities. This major strategic investment will likely fuel further innovation in predictive maintenance, asset management, and grid integration solutions, solidifying NovaSource's leadership in supporting the global transition to renewable energy.
See full NovaSource company page
