27 Feb '16, 5pm

Southern Company set to acquire PowerSecure International

Southern Company set to acquire PowerSecure International

PowerSecure is not expected to relocate from its current headquarters in North Carolina as part of the merger. Image: Chandra Marsono / Creative Commons US energy company Southern Company and utility technology provider PowerSecure International have both approved a definitive merger agreement through which Southern Company will acquire PowerSecure. As a result, PowerSecure will become a wholly owned subsidiary of Southern Company. Thomas A. Fanning, chairman, president and CEO of Southern Company, said: "As energy technologies and customer expectations continue to evolve, the electric utility business model is increasingly expanding beyond the meter. Today there is demand for distributed infrastructure solutions that best meet each customer's unique energy needs. With the addition of PowerSecure to Southern Company, we're extending our commitment to create America's energ...

Full article: http://www.pv-tech.org/news/43307

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