Savant Systems has acquired Racepoint Energy, an engineering-driven company known for smart electrical panel, automated power, storage, and energy resiliency solutions for consumers, home builders, businesses, and utility companies.
Renamed Savant Power, the company now joins GE Lighting, a Savant company, as the two newest additions to Savant Systems, Inc.’s diverse portfolio of scalable smart home solutions. With the addition of automated power, Savant now addresses every pillar of the connected home — climate, lighting, entertainment, security, and now energy.
“Over the past 12 months, we have made significant strategic acquisitions, triggering rapid revenue growth and projections for our brands,” says Bob Madonna, chairman and CEO, Savant Systems. “Savant Power’s innovative smart electrical panel and microgrid solutions align perfectly with trending investment in a rapidly growing energy sector.
“Savant Power is helping to transform the grid by utilizing our unique automation capabilities, increasing the effectiveness of alternative power sources such as solar, batteries, or generators without compromising comfort and convenience,” adds Madonna.
Savant’s smart home solutions and culture of innovation now extends into the energy space at a time when power has emerged as a focal point for consumers and utility companies.
Savant Power’s Approach to Smart Energy
A rising number of power outages caused by an aging energy infrastructure and weather volatility along with a growing concern for the environment are driving significant investment in more resilient and sustainable power solutions. These factors, combined with an increase in renewable generation and electronic vehicle adoption, are forcing a paradigm shift in power distribution and consumption in order to lower cost and provide improved resiliency.
Savant Power brings a scalable software platform to manage distributed energy resources such as solar, storage, and flexible load management. By reimagining the concept of smart energy through an advanced automated platform, Savant Power brings to market the key components needed to achieve a smart living experience as well as a modernized energy infrastructure.
“The way we produce and consume power is changing in ways not seen since the inception of the grid well over 100 years ago,” says Anna Demeo, president, Savant Power. “Thomas Edison famously remarked that he hoped we didn’t wait until supplies of oil and coal were exhausted before utilizing alternative resources such as solar and wind. Now, Savant Power is poised to make these solutions a reality alongside GE lighting, a Savant company, while improving quality of life and energy resiliency around the world.”
For more information, visit www.savantpower.com.