CD Arevon Selects Power Factors as its Technical Asset Management Platform

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CD Arevon Selects Power Factors as its Technical Asset Management Platform

Firms Sign Five-Year Technology Agreement

LARKSPUR, CA, OCT. 25, 2018 --  Power Factors, LLC, a leading independent software and services provider for renewable energy, is pleased to announce that CD Arevon USA, Inc. (“CD Arevon”), has selected Power Factors for their renewable energy asset performance platform.  CD Arevon, provides highly specialized asset management services for renewable energy investments and is an affiliate of Capital Dynamics. Capital Dynamics manages approximately USD 4.9 billion[1]in its clean energy infrastructure business, and is currently the second largest owner of solar projects in the United States, managing five of the 15 largest US solar farms.

Gary Meyers, president of Power Factors said, “We are very honored that CD Arevon has selected Power Factors as their technology partner. It’s an exciting time for anybody involved in renewable energy, and now more than ever, selecting technical asset management solutions designed to address the challenges of modern operations is critical to maximizing the value of renewable power assets now and going forward. We intend to give CD Arevon an exceptional solution coupled with outstanding service, so they can deliver for their customers.  We are thrilled and couldn’t be more motivated.”

“CD Arevon is committed to managing renewable energy projects,” said Justin Johnson, President of CD Arevon. “Our team conducted a rigorous evaluation of commercially available solutions, and Power Factors surpassed our expectations. Their deep expertise in the power and renewable markets is deeply embedded in their offering and provides us with unique and innovative capabilities.”

About Power Factors, LLC
Power Factors delivers a scalable, technical asset performance platform to protect capital investments in renewable energy portfolios. The company’s advanced SaaS solution is built upon utility-grade software platforms from OSIsoft, Microsoft and Salesforce to ensure reliability and scalability. Power Factors monitors over 20 GW of renewable energy assets and works with some of the largest, most successful clean energy companies across the world to help them drive predictable value out of their investments.

About CD Arevon
CD Arevon manages a $5 billion+ fleet of utility scale renewable energy investment fund assets totaling nearly 2.5 gigawatts (DC) of generation capacity across over 40 wind and solar projects1. CD Arevon manages the entire life cycle of renewable energy assets, from development/construction to long-term commercial operations, providing highly specialized services for large, utility-scale wind, solar, and clean energy generation assets.  CD Arevon offers a wide range of services covering asset technical performance optimization, commercial management of operations, accounting & financial services, project finance support, fund administration, and many other services. CD Arevon has  a mandate with Capital Dynamics to provide asset management services for its US fleet of clean and low-carbon power generation assets and related infrastructure.

[1]As of October 1, 2018. All other figures as of June 30, 2018.