Source: PR Newswire
Arcadia, the global utility data and energy solutions platform, announced the acquisition of RPD Energy, the nation’s leading provider of innovative renewable energy solutions. This acquisition enhances Arcadia’s new suite of Enterprise Solutions, expanding its Energy Procurement Advisory offering for businesses across the US.
“As we enter a world of energy scarcity, corporate buyers are increasingly looking for custom procurement solutions that achieve energy security and sustainability goals,” said Kiran Bhatraju, founder and CEO of Arcadia. “The old model is broken — reliant on manual processes and narrow solutions that lack data-driven insights. By combining RPD Energy’s innovative approach with Arcadia’s technology platform and community solar program, we can deliver smarter, more comprehensive procurement solutions to our enterprise customers.”
Former Constellation Energy commodities executive, Max Duckworth, who served as RPD Energy’s board chair, commented, “We’re delighted to be acquired by Arcadia, who we regard as the ideal organization to take RPD Energy’s carbon-free energy (CFE) offerings to the next level. By integrating RPD Energy’s structuring know-how and partner network into Arcadia’s industry-leading solutions platform, thousands of businesses will be empowered with smarter procurement strategies that optimize across their energy security, cost savings, and sustainability goals.”
Read the full article: https://www.prnewswire.com/news-releases/arcadia-acquires-rpd-energy-empowering-businesses-to-purchase-cleaner-more-resilient-energy-302372348.html