NovaSource Power
NovaSource Power Services is the world's largest independent solar and battery storage O&M provider, managing over 40 GW of utility-scale renewable assets across 7 countries for IPPs, developers, and asset owners under tiered long-term service agreements.
- Company typePrivate
- Founded2020
- HeadquartersChandler, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What NovaSource Power does
NovaSource Power Services is the world's largest independent operations and maintenance provider for utility-scale solar and battery energy storage assets, managing more than 40 GW across 7 countries (United States, Canada, Chile, France, Italy, Morocco, Australia) and 25+ U.S. states. The company was formed in 2020 by a team whose roots trace to solar pioneer PowerLight (acquired by SunPower in 2006), and is a privately held portfolio company of Clairvest Group Inc. and OMERS Private Equity, with US$100 million of primary growth equity invested by OMERS in August 2022. Its customers are independent power producers, utility-scale developers, and asset owners (named relationships include Arevon Energy, Doral Renewables, Matrix Renewables, and Equis), served through direct enterprise sales and multi-year Long-Term Service Agreements structured in four tiers: Maintain, Protect, Enhance, and Assure.
The company's core technology stack centers on NovaVision, an AI-enabled total asset optimization platform that combines predictive analytics, fleet-wide anomaly detection, and guided resolution workflows over structured telemetry and aerial IR imagery. This sits on top of NovaCommand (24/7/365 control centers), GlobalFED (an end-to-end site data platform tracking 236 substations, 14,140 inverters, 7.7M+ PV modules and related assets), SunStreams combiner-box monitoring, and the FluxTerra infrastructure services platform launched in 2026 for substations, mature assets, and data centers. Supporting services include aerial IR inspection (100+ GW inspected globally, 70% North American market share), supply chain management (400+ vendors, $10M+ inventory, 16+ storage locations), SMART Cleaning, hail stow, vegetation management, and NovaAcademy hands-on workforce training. NovaSource's proprietary thermal defect database from aerial inspections and its scale across 8,500+ individual sites provide the data substrate for its AI-driven performance guarantees.
Commercially, NovaSource generates recurring revenue through tiered LTSA contracts (Maintain, Protect, Enhance, Assure) that bundle remote operations, preventive and corrective maintenance, performance engineering, and availability/DC health guarantees with 99% availability targets and liquidated damages structures. Additional revenue comes from aerial inspection campaigns, supply chain services (vendor management fees, parts markup), training (NovaAcademy), and the newer FluxTerra infrastructure services. The go-to-market is exclusively direct enterprise sales targeting large-scale solar and BESS owners, developers, and IPPs across North America, LATAM, EMEA, and APAC. The company has executed four acquisitions since 2020 (SunSystem Technology, BALIAN Energy, Heliolytics, First Solar Australia O&M assets), launched three major products in 2025-2026 (NovaVision, NovaAcademy, FluxTerra), and was ranked the #1 global PV O&M provider by Wood Mackenzie for six consecutive years.
NovaSource Power firmographics
Firmographics- Name
- NovaSource Power
- Legal name
- NovaSource Power Services
- Website
- https://novasourcepower.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- NovaSource Power Services is the world's largest independent solar and battery storage O&M provider, managing over 40 GW of utility-scale renewable assets across 7 countries for IPPs, developers, and asset owners under tiered long-term service agreements.
- Ownership category
- akta.pro rank
NovaSource Power industry classification
Industry- Product category
- Solar and BESS Operations & Maintenance Services
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211), Electric Power Distribution (221122)
- akta.pro primary industry
- Utility-Scale Renewable O&M (Solar, Wind, Hydro, Geothermal) (EUAMAGAA)
- akta.pro secondary industries
- Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA) (EUACAGAH), Renewable Energy Asset O&M (Wind, Solar, Hydro, Geothermal) (EUAEAGAB), Operations Control & Dispatch (Remote Operations Centers, Curtailment, Compliance) (EUAMAGAK), Electrical Systems O&M (Substations, Transformers, Switchgear, Protection & Controls) (EUAMAGAH), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB)
Keywords
Where NovaSource Power is headquartered
LocationHeadquarters
- HQ city
- Chandler
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
NovaSource Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- O&M Services (Long-Term Service Agreements): Recurring revenue through tiered Long-Term Service Agreements (LTSA) structured as Maintain, Protect, Enhance, and Assure tiers. Includes remote operations, preventive/corrective maintenance, performance engineering, availability guarantees, DC health monitoring. Fixed-fee or cost-plus models with varying levels of parts and labor coverage.
- Aerial Inspection & Analysis Services: Tiered aerial inspection services (Module Advanced, Module Basic, LTSA Scope) delivering condition-based analytics. Revenue generated from inspection campaigns, diagnostic reporting, and upgrade analysis services.
- Supply Chain Services: Strategic supply chain management including sourcing, procurement, warehousing, and logistics for spare parts. Services offered to self-performing or third-party O&M providers. Revenue from vendor management fees, parts markup, and inventory management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Maintain tier includes remote operations, preventive maintenance, basic performance engineering, standard availability guarantee, and DC health monitoring at combiner-box level. |
| Subscription | Annual | Protect tier adds corrective maintenance labor up to a limit, medium performance engineering, basic maintenance/warranty support, string-level health monitoring, and DC availability guarantee. |
| Subscription | Annual | Enhance tier provides premium performance engineering, advanced monitoring, and highest level of analytics support to maximize asset production. |
| Subscription | Annual | Assure tier offers full corrective maintenance labor and parts, full-wrap availability guarantee, and DC health guarantees aligned with owner's interests. |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
NovaSource Power product offering
Product offeringCore offering
NovaSource Power Services provides end-to-end operations and maintenance (O&M) services for utility-scale solar PV plants and battery energy storage systems (BESS), supported by tiered Long-Term Service Agreements (Maintain, Protect, Enhance, Assure) and proprietary technology platforms including NovaVision AI asset optimization, NovaCommand 24/7 control centers, and FluxTerra infrastructure services. The company also delivers aerial IR inspection services, centralized supply chain management, module cleaning, vegetation management, hail stow, and Pre-COD commissioning services to renewable asset owners, developers, and IPPs across 7 countries.
Product overview
NovaSource Power Services is the world's largest independent solar O&M provider offering a comprehensive, integrated suite of renewable asset management services. The portfolio centers on core O&M services for utility-scale solar and Battery Energy Storage Systems (BESS), supplemented by proprietary technology platforms including NovaVision (AI-powered total asset optimization), NovaCommand Centers (24/7 monitoring control hubs), and FluxTerra (infrastructure services platform). Supporting services include aerial inspection, supply chain management, SMART Cleaning, vegetation management, hail stow, and Pre-COD commissioning. NovaAcademy provides workforce training, while Long-Term Service Agreements (LTSA) offer tiered service models from basic maintenance through full-assurance guarantees. The ecosystem is tied together through GlobalFED site data platform and Solar Network Solutions for SCADA/communications infrastructure. The company manages over 40GW of solar and BESS assets across 7 countries.
Differentiator
Problem solved
Functional benefit
Brands
- FluxTerra™: Specialized infrastructure services platform with three core verticals: Substation Services, Mature Asset Services, and Data Center Services, addressing aging infrastructure, grid modernization, AI-driven demand, and data center growth.
- NovaAcademy
- NovaVision
- NovaCommand Centers
- NovaCommand
- SunStreams
- NovaSource SMART Cleaning™
- GlobalFED
- Solar Network Solutions (SNS)
Products and services
- Solar O&M Services (Utility Power Plant) Operations and maintenance services for utility-scale solar PV power plants, including 24x7 remote operations, preventive and corrective maintenance, performance engineering, DC health monitoring, availability guarantees, and lifecycle services. Targeted at Independent Power Producers, utilities, developers, and PE-owned renewable energy asset owners.
- Battery Energy Storage Systems (BESS) Services Comprehensive O&M and oversight for battery energy storage systems including 24/7/365 monitoring, rapid issue detection, power dispatch/curtailment, grid support, energy and power scheduling/forecasting, and compliance management for utility-scale and hybrid solar-plus-storage portfolios.
- Supply Chain Services Strategic supply chain management including sourcing, procurement, supplier management, inventory planning, warehousing, and logistics for spare parts. Manages 400+ vendors, 1,000+ buys per week, $10M+ in parts inventory, and 16+ storage locations. Services offered to self-performing or third-party O&M providers.
- Aerial Inspection Services Aerial infrared inspections using piloted aircraft and drones to detect DC system-level, module-level, and cell-level thermal defects with sub-module-level accuracy. Delivered in tiered packages (Module Advanced, Module Basic, LTSA Scope) including diagnostic, string-level, and upgrade analysis reporting. 100+ GW inspected globally across 8,500+ sites with 70% North American market share.
- Long-Term Service Agreements (LTSA) — Maintain / Protect / Enhance / Assure tiers Four-tiered Long-Term Service Agreement model structuring the entire O&M offering: MAINTAIN covers remote operations and preventive maintenance; PROTECT adds corrective maintenance labor up to a limit and medium performance engineering; ENHANCE provides premium performance engineering and advanced monitoring; ASSURE offers full corrective maintenance labor and parts plus full-wrap availability and DC health guarantees. Priced as fixed-fee annual subscriptions with cost-plus components and 99% DC health availability targets.
- NovaVision AI-powered total asset optimization platform for utility-scale solar and energy storage portfolios, delivering predictive capabilities including performance monitoring, anomaly detection, and guided resolution. Features customizable predictive models, AI-powered fleet-wide anomaly scanning, an actionable insights database ranking operational risks, and guided resolution tools that reduce Mean Time to Resolution (MTTR). Two flagship solutions: 360° site visibility and inverter performance analytics via thermal anomaly tracking.
- FluxTerra Specialized infrastructure services platform with three core verticals: Substation Services, Mature Asset Services, and Data Center Services. Designed to improve reliability, reduce downtime, and extend asset life for critical power systems in utility-scale solar, aging infrastructure, grid modernization, AI-driven demand, and data center growth contexts.
- NovaAcademy Industry-first hands-on training facility for utility-scale solar and BESS workforce development, located in Avondale, Arizona. Blends classroom instruction with hands-on equipment practice, integrating simulation software and AI-powered tools to accelerate workforce readiness. Curriculum aligned with OSHA, NFPA, and NERC standards.
Quantifiable outcome
- 25% more energy per MW delivered vs typical utility-scale fleets
- +6 more outcomes
Companies that use NovaSource Power
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
NovaSource Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature6 records
NovaSource Power partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core, major and strategic.
- EquiscoreNovaSource was selected by Equis as the long-term O&M partner for the Melbourne Renewable Energy Hub (MREH) - a landmark project set to become one of Australia's largest batteries (600MW capacity, 1.6 GWh storage). Developed in partnership with Victorian government-owned SEC, MREH supports Victoria's 2035 target of 95% renewable energy generation. NovaSource provides 24/7/365 performance monitoring, predictive maintenance, and specialized BESS support.
- Doral RenewablescoreNovaSource partnered with Doral Renewables as O&M and Generator Operator (GO) for the Mammoth Solar Project - one of the US' largest agrivoltaics facilities. Located in Pulaski and Starke Counties, Indiana, the multi-phase project will deliver nearly 1.6GWdc. NovaSource provides O&M services, managing GOP, supporting GO, NERC compliance, and data-driven asset management. Mammoth North (480MWdc) completed Q4 2024; remaining three phases expected 2026.
- Solar Energy Industries Association (SEIA)majorNovaSource joined SEIA as a member company to collaborate on policy advocacy, industry standards, benchmark initiatives, and shaping industry best practices. NovaSource brings over 30GW of utility-scale solar and battery storage projects and unparalleled O&M expertise to SEIA's diverse membership. The partnership enhances NovaSource's industry leadership positioning while contributing to solar sector growth.
- Matrix RenewablesstrategicNovaSource supports Matrix Renewables' solar portfolio across multiple regions in Chile since 2023, working side-by-side with local teams to elevate operational quality and strengthen HSE leadership. Partnership emphasizes unified safety culture, collaborative planning, consistent communication, and HSE practices that enable operational performance. Matrix Renewables recognized NovaSource with the Outstanding HSE Contractor Award in 2026 for exceptional safety leadership.
Scale indicators15 records
Recent moves6 records
Expansion highlights7 records
NovaSource Power competitors and assessment
Company assessmentDirect peers
- SOLV Energy: SOLV Energy is one of the largest U.S. utility-scale solar EPC and O&M providers, spun out of Swinerton Renewable Energy in 2022. It directly competes with NovaSource for utility-scale solar O&M contracts and offers similar LTSA structures to large asset owners and developers.
- Solaris Energy Infrastructure (formerly Moss Solar): Solaris Energy Infrastructure (formerly Moss, including BrightNight solar services) is a major U.S. utility-scale solar EPC with growing O&M services for utility-scale solar projects. It directly competes with NovaSource for enterprise LTSA contracts across the U.S.
- Strata Clean Energy: Strata Clean Energy is a U.S. utility-scale solar developer, EPC, and asset manager with integrated O&M services. It competes with NovaSource for O&M contracts on solar projects it and third-party developers develop, particularly in the southeastern U.S.
- Sentinel Solar (EDF Renewables Services): Sentinel, now part of EDF Renewables' services arm, is an independent solar O&M provider competing for utility-scale contracts in North America. Closely comparable to NovaSource in service portfolio, geographic focus, and customer profile.
Broad incumbents
- Mortenson Construction: Mortenson is a major U.S. renewable energy EPC and services provider with significant solar and wind O&M capabilities. It competes with NovaSource primarily on larger solar EPC-plus-O&M bundled contracts as a broader incumbent rather than a pure-play O&M specialist.
- ENGIE: ENGIE is a global utility with substantial renewable energy generation and integrated O&M operations across solar, wind, and storage. It competes for large multi-technology O&M contracts and brings captive service capabilities to enterprise customers evaluating independent providers like NovaSource.
- EDF Renewables: EDF Renewables is a global renewable energy developer, owner, and operator with significant O&M capabilities across solar, storage, and wind. It competes with NovaSource for utility-scale solar O&M contracts, particularly through its North American services platform (which includes the former Sentinel business).
- Atlantica Sustainable Infrastructure: Atlantica owns and operates renewable energy and efficient natural gas assets with integrated asset management and O&M services. It competes for O&M mandates from infrastructure investors and overlaps with NovaSource on solar asset management for institutional owners.
- RWE Clean Energy: RWE Clean Energy is a global renewable energy developer and operator with solar, wind, and storage operations across the U.S. and Europe. It competes with NovaSource for enterprise solar O&M contracts and brings captive operational capabilities that compete against independent providers.
- Lightsource bp: Lightsource bp is a global utility-scale solar developer and operator with integrated O&M operations across the U.S., Europe, and APAC. It competes with NovaSource for both development-linked O&M and third-party solar asset management contracts across multiple geographies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
NovaSource Power social profiles
Digital presenceNovaSource Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
NovaSource Power leadership team
Management profileNumber of profiles
Profiles21 records
NovaSource Power subsidiaries and ownership
Company hierarchySubsidiaries1 record
NovaSource Power funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NovaSource Power M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NovaSource Power
What does NovaSource Power do?
NovaSource Power Services provides end-to-end operations and maintenance (O&M) services for utility-scale solar PV plants and battery energy storage systems (BESS), supported by tiered Long-Term Service Agreements (Maintain, Protect, Enhance, Assure) and proprietary technology platforms including NovaVision AI asset optimization, NovaCommand 24/7 control centers, and FluxTerra infrastructure services. The company also delivers aerial IR inspection services, centralized supply chain management, module cleaning, vegetation management, hail stow, and Pre-COD commissioning services to renewable asset owners, developers, and IPPs across 7 countries.
Is NovaSource Power a public or private company?
NovaSource Power is a private company. It is classified as private equity controlled and is currently operating.
When was NovaSource Power founded?
NovaSource Power was founded in 2020. It employs 501 to 1,000 people.
Where is NovaSource Power based?
NovaSource Power is headquartered in Chandler, United States, in the North America region.
How does NovaSource Power make money?
Three revenue lines are on record. O&M Services (Long-Term Service Agreements) is the primary driver. The others are aerial Inspection & Analysis Services and supply Chain Services.
Who are NovaSource Power's main competitors?
Direct peers on record are SOLV Energy, Solaris Energy Infrastructure (formerly Moss Solar), Strata Clean Energy and Sentinel Solar (EDF Renewables Services). Broad incumbents are Mortenson Construction, ENGIE, EDF Renewables, Atlantica Sustainable Infrastructure, RWE Clean Energy and Lightsource bp.
Does NovaSource Power have an API?
No public API is recorded for NovaSource Power.
What industry is NovaSource Power in?
NovaSource Power's product category is Solar and BESS Operations & Maintenance Services. Its primary akta.pro industry code is EUAMAGAA, Utility-Scale Renewable O&M (Solar, Wind, Hydro, Geothermal), with a secondary code of EUACAGAH, Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA). Its NAICS code is 221114.