Savant Systems, Inc. Acquires Racepoint Energy

Savant Systems, Inc. Acquires Racepoint Energy

A leader in smart home technology, Savant Systems, Inc., has recently acquired the engineering-driven company, Racepoint Energy, known for category-defining smart electrical panel, automated power, storage and energy resiliency solutions for builders, businesses, utility companies and individual consumers as well. With the acquisition, Savant Systems, Inc. got renamed Savant Power. The company now joins GE Lighting, a Savant company, as the two newest additions to Savant Systems, Inc.’s deep and diverse portfolio of scalable, easy-to-use smart home solutions. Backed with automation, the company now addresses every aspect of a connected home, ranging from climate, lighting, entertainment, security to energy. Now, the finest smart home solutions and preeminent culture of innovation extend into the energy space as well.  

Over the past 12 months, we have made significant strategic acquisitions triggering rapid revenue growth and projections for our brands. Savant Powers innovative smart electrical panel and microgrid solutions align perfectly with trending investment in a rapidly growing energy sector,” said Bob Madonna, Chairman and CEO, Savant Systems, Inc. 

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”, added Madonna.

To manage distributed energy resources such as solar, storage, and flexible load management, Savant Power brings a vigorous and scalable software platform. The company introduces to the market, the key components needed to attain a smart-living experience aided by contemporary 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”, stated Anna Demeo, President, Savant Power. “Thomas Edison famously remarked that he hoped we didnt 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”, added Anna. 

Advertisement[adrotate banner="30"]