AWS Truepower saw its solar mapping revenue grow from zero to $1 million in 2010, its first year since the Albany wind mapping and monitoring company expanded into the solar industry. CEO Bruce Bailey, a former atmospheric science researcher at the University at Albany, formed AWS in 1985. Bailey said the business had grown to 85 employees, generating $18 million in annual revenue by selling its services to wind power project developers, wind power utility companies and banks that underwrite such projects. The company began offering mapping and planning services last year and changed its name from AWS Truewind to AWS Truepower.
As Panchabuta has earlier reported, the government is augmenting solar radiation resource assessment in the country.
“C-WET has been assigned the task of solar radiation monitoring. We are looking at setting up 50 ground monitoring stations in co-operation with states,” Deepak Gupta, Secretary, Ministry of New and Renewable Energy (MNRE) had recently said.
According to recent reports, researchers at the Indian Institute of Science (IISc), Bangalore, are mapping India’s solar hot spots—where round-the-year sunlight makes it viable for companies to set up solar power plants.The study can play a crucial role in enhancing India’s energy supply.
Early in January, AWS had announced plans to expand its solar mapping services in India.
According to reports, AWS Truepower, a Colonie renewable energy consultant that is quickly raising its international profile, announced Monday it has merged with Spanish joint-venture partner Meteosim Truewind.
Terms of the deal were not revealed, but the company said that the combination would give it more than 100 employees worldwide and annual sales of $25 million.
“It’s very exciting for us,” said AWS Truepower spokeswoman Amber Trendell.
AWS Truepower first entered into a joint venture with Meteosim Truewind, which is located in Barcelona, in 2007. Meteosim Truewind specializes in meteorology, one of the key reasons for the partnership.
Trendell said Monday that the merger will not impact local operations, although there will be a process to integrate the two companies in terms of culture and training and administrative functions such as accounting.
“They don’t have the same skill sets we have, we’ve got to get them up to speed,” she said.
The Barcelona office and the company as a whole will also take on the AWS Truepower name.
AWS Truepower, previously known as AWS Truewind, has been in business for more than 25 years and helps with consulting for renewable energy projects such as wind farms. The company had previously been located at the Albany NanoTech complex and now has offices on New Karner Road. AWS Truepower also has an office in Bangalore, India and before the deal, its employee base, most of which is in the Capital Region, totaled about 80.