Austin, Tex.-based Enverus has acquired Pittsburgh-based Pearl Street Technologies, a provider of automation solutions that streamline interconnection studies for transmission providers, utilities and energy developers.
Pearl Street, founded in 2018 as a spin-out from Carnegie Mellon University, brings to Enverus a portfolio of solutions that expedite interconnection and other grid planning studies to help address increasing queue volumes while helping investors and power developers future-proof their businesses.
“With project success rates remaining low, investors and power developers need a comprehensive solution to effectively navigate risks, economic returns and seize opportunities in today’s evolving energy landscape. Pearl Street Technologies has established itself as a leader in this space, streamlining interconnection and grid planning studies for some of the largest balancing authorities and market participants,” Enverus CEO Manuj Nikhanj said in a statement. “We are excited to integrate Pearl Street’s and Enverus’ data, analytics and platforms to provide an unprecedented end-to-solution to all power market participants.”
“We are excited to be a part of the Enverus team and we’re looking forward to combining our capabilities as we build the future of interconnection together,” said David Bromberg, co-founder and CEO of Pearl Street Technologies.
