Feb 11, 2025 (MarketLine via COMTEX) --
The acquisition facilitates comprehensive service offerings to businesses throughout the US.
Utility data and energy solutions platform Arcadia has acquired renewable energy solutions provider RPD Energy, bolstering its suite of enterprise solutions.
The acquisition facilitates comprehensive service offerings, particularly in the energy procurement advisory sector, to businesses throughout the US.
With more than 2GW of community solar capacity, Arcadia operates the largest portfolio in the country, assisting 2,500 organisations in securing localised clean energy contracts. The platform conducts millions of solar and storage analyses each year.
The transaction expands Arcadia's capabilities to provide a comprehensive solution for integrating both onsite and offsite solar into wider energy procurement strategies.
It enables the company to offer customised solutions tailored to the specific needs of an individualaEUR(TM)s meter load and market conditions, unlike traditional brokers and advisors.
The energy procurement advisory services offered by the company after the acquisition include flexible supply agreements, community solar, direct renewable energy purchases, behind-the-meter solar and storage, demand-side management, utility tariff optimisation and other data-driven solutions.
Arcadia CEO and founder Kiran Bhatraju stated: "As we enter a world of energy scarcity, corporate buyers are increasingly looking for custom procurement solutions that achieve energy security and sustainability goals.
AaEURoeThe old model is broken aEUR" reliant on manual processes and narrow solutions that lack data-driven insights. By combining RPD EnergyaEUR(TM)s innovative approach with ArcadiaaEUR(TM)s technology platform and community solar programme, we can deliver smarter, more comprehensive procurement solutions to our enterprise customers.aEUR
Rohit Marwaha, previously executive vice-president of product development and supply at RPD Energy, will now lead Arcadia's onsite and offsite energy procurement advisory offerings.
Former Constellation Energy commodities executive and RPD Energy board chair Max Duckworth stated: aEURoeWeaEUR(TM)re delighted to be acquired by Arcadia, who we regard as the ideal organisation to take RPD EnergyaEUR(TM)s carbon-free energy offerings to the next level.
aEURoeBy integrating RPD EnergyaEUR(TM)s structuring know-how and partner network into ArcadiaaEUR(TM)s industry-leading solutions platform, thousands of businesses will be empowered with smarter procurement strategies that optimise across their energy security, cost savings and sustainability goals.aEUR
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