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27.08.26 - 13:06
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Otovo to Acquire PV Hawaii and Mr. Elektro for USD 4.6 Million, Expanding in the U.S. and Europe (Business Wire)
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Acquisitions to extend Otovo's behind-the-meter platform into Hawaii and strengthen its service capacity in EuropeOSLO, Norway--(BUSINESS WIRE)--Otovo ASA (Euronext Oslo Børs: OTOVO; “Otovo”), a leading provider of behind-the-meter energy services for homes and businesses, today announced it has entered into two non-binding letters of intent (LOIs) to acquire (i) PV Hawaii, LLC (“PV Hawaii”), a solar operations and maintenance provider based on Oahu, and (ii) Mr. Elektro AS (“Mr. Elektro”), a Norwegian solar and electrical contractor for a combined purchase price of approximately USD 4.6 million.
These acquisitions, if completed, will extend Otovo's behind-the-meter service platform into Hawaii for the first time and add licensed, in-house installation and service capacity in Norway with immediate reach into Sweden. Otovo will bring its Endurance™ AI platform to PV Hawaii and Mr. Elektro's local field crews and customer relationships, enabling faster service and real-time visibility.
Hig...
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24.08.26 - 13:03
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Otovo Enters Agreements for $11 Million Green Panel Acquisition, Expanding its Behind-the-Meter Energy Services Business (Business Wire)
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Company's 8th and largest acquisition to date is expected to extend its AI-powered energy service platform to 15 European markets and unlock a major new OEM partnershipOSLO, Norway--(BUSINESS WIRE)--Otovo ASA (Euronext Oslo Børs: OTOVO; “Otovo”), a leading provider of behind-the-meter energy services for homes and businesses, today announced definitive agreements for its $11 million acquisition of Green Panel Solar Energy Systems Ltd. (“Green Panel”), which will be the company's eighth and largest acquisition to date.
The combination creates operations spanning 15 European markets, giving Otovo what it believes is the largest dedicated behind-the-meter service footprint in Europe by country coverage. The enlarged platform brings together profitable field services, logistics warehouses in every market served, AI-driven customer inventory management, and round-the-clock command-center, dispatch and technician capabilities.
Highlights
Green Panel is expected to add $12.8 million in 2026 revenue an...
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31.07.26 - 16:12
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OX2 completes sale of 77 MW Romanian wind farm (Cision)
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OX2 has sold a 77 MW ready-to-build wind farm in Romania to Norwegian renewable energy solutions provider Scatec ASA. The wind farm holds a long-term Contract-for-Difference (CfD) with the Romanian State.
The Urleasca wind farm, located in south-east Romania, will feature 11 Nordex N175/6.X MW turbines. OX2 is contracted to oversee the entire construction phase scheduled to commence in Q3 2026, with commissioning planned for the second half of 2028.
Once operational, the wind farm will generate approximately 244 GWh annually, equivalent to powering 71,000 households, while avoiding...
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15.07.26 - 08:48
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Nel: Auftragsplus von 224 Prozent – Startschuss zur Trendwende? (Der Aktionaer)
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Der skandinavische Wasserstoff-Spezialist hat die Zahlen zum zweiten Quartal 2026 vorgelegt. Während der Auftragseingang von Nel im Vergleich zu einem schwachen Vorjahreswert prozentual dreistellig zulegen konnte, enttäuschten die Norweger erneut bei Umsatz und allen voran dem ausgewiesenen Ergebnis....
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