Enverus, a leading energy-dedicated SaaS company, has recently completed the acquisition of CRCL Solutions, a provider of cloud-based algorithms and modeling for wind and solar energy generation forecasts. This strategic move allows Enverus to enhance its existing suite of forecasting capabilities and offer customers more accurate and granular solar and wind production predictions.

Accurate predictions of wind and solar production have become an essential foundation for stakeholders across the power industry. In order to meet the needs of their customers effectively, Enverus recognizes the importance of reliable and precise forecasting solutions.

As renewable energy capacity continues to expand to meet the demands of an evolving U.S. energy market, power traders and plant operators are increasingly dependent on high-quality wind and solar forecasting data. These data-driven insights help identify arbitrage opportunities, reduce trading risk, and optimize asset deployments.

CRCL Solutions, founded by Thomas Sherman and Daniel Vassallo in 2021, brings valuable expertise to Enverus. Their recent innovations include the development of a novel algorithmic suite designed to improve weather forecasting accuracy and the creation of a technological pipeline that transforms raw weather forecast data into plant-level wind and solar generation forecasts.

By combining CRCL’s core technology with Enverus’ extensive data resources, the acquisition presents an opportunity for CRCL to enhance its existing product offerings and develop new and innovative energy forecasting solutions that were previously unattainable. Sherman expressed his confidence in Enverus, stating that they are the perfect partner to develop the next generation of wind and solar forecasting.

Overseeing the integration of CRCL Solutions into Enverus, Bernadette Johnson, the general manager of Power and Renewables, emphasizes the complementary nature of their offerings. She believes that together, they will be able to create more useful and granular forecasts. This collaboration enhances Enverus’ ability to provide cutting-edge solutions and further diversify their services during the ongoing energy transition.

The acquisition of CRCL Solutions represents a significant step forward for Enverus in strengthening its position as a market leader in energy forecasting. By leveraging CRCL’s expertise alongside Enverus’ extensive data resources, the partnership aims to drive the development of advanced wind and solar forecasting solutions that meet the evolving needs of the industry.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.