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Expert Collections containing Draker Labs
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Draker Labs is included in 1 Expert Collection, including Renewable Energy.
Includes companies working on technology to support renewable energy generation.
Latest Draker Labs News
Aug 28, 2015
Solar Monitor Draker Labs Lays Off Staff But Hopes For White Knight Customers go without project monitoring as competitors circle. Eric Wesoff August 28, 2015 Draker Labs , one of the leading providers of monitoring systems and services for commercial and utility-scale solar power, had to “downsize” last Friday, according to the Burlington Free Press. Sources indicate that most or all of the company's employees were let go. Other sources suggest that Draker has left customers without monitoring capabilities and that Washington Gas & Electric was scrambling for a replacement. Last month, Draker and monitoring firm Inaccess were set to merge. The two firms would have had a combined portfolio of 5 gigawatts of utility and commercial-scale solar power plants, according to the report Global PV Monitoring 2014-2018 by GTM Research and SoliChamba Consulting That deal fell through. Sources close to the deal suggest that Draker had a high cost structure and was being pressured by competitors such as Also Energy and Locus Energy. But all is not lost? Here's the text of a letter from Draker Executive Chairman Everett S. McGinley sent to customers on Thursday saying that Draker had signed an agreement with "a leading solar industry solution provider. " Valued Draker Clients We are pleased to announce that Draker has signed an agreement with a leading solar industry solution provider for the continuation of Draker’s business and service to its clients. The agreement provides for the following: Draker's monitoring services will continue without interruption. Key system management staff are being recalled to work immediately to ensure continuity of service. Draker and the buyer intend to fulfill the installation, set-up and commissioning of previously-contracted business at new sites with the least schedule disruption possible. Customers for new sites will be contacted individually within the next few days to confirm orders and discuss scheduling. A closing of the acquisition is anticipated as early in September as practicable, with a target of mid-month. Resumption of service and support will begin immediately, however, prior to the acquisition closing. The Draker team appreciates the support of its clients and looks forward to continuing to serve them in the future. What vendor might want to acquire Draker? Inaccess might want to reengage and we've heard talk of companies like SunEdison or SunPower taking an interest, although solar companies have a bit less buying power than they did a few weeks ago. Cedric Brehaut from SoliChamba Consulting, author of the GTM report, notes that "due to the business practice of selling monitoring software subscriptions 5-year up-front (mostly to leverage the ITC), the existing installed base is not necessarily seen as an asset but a liability.” “The most likely scenario”, adds Brehaut, "is that a downstream company operating a large fleet of megawatt-scale PV plants picks up Draker for its software platform, in order to bring monitoring in-house and/or to replace internally-developed software with Draker technology. " In the meantime, competitors like AlsoEnergy and Solectria are trying to migrate Draker's customers to their platform.
Draker Labs Frequently Asked Questions (FAQ)
When was Draker Labs founded?
Draker Labs was founded in 1999.
Where is Draker Labs's headquarters?
Draker Labs's headquarters is located at 22 North Street, Burlington.
What is Draker Labs's latest funding round?
Draker Labs's latest funding round is Convertible Note.
How much did Draker Labs raise?
Draker Labs raised a total of $5.97M.
Who are the investors of Draker Labs?
Investors of Draker Labs include Campbell Scientific, FreshTracks Capital and Harbor Light Capital Partners.
Who are Draker Labs's competitors?
Competitors of Draker Labs include Ice Energy, Clean Power Finance, Alteris Renewables, Fat Spaniel Technologies, Entech Solar and 12 more.
Compare Draker Labs to Competitors
Nu Energy specialises in renewable energy system design, supply, installation and the introduction of technologies for grid connected and remote area solar residential and commercial systems.
Cool Energy is a clean energy technology development company that has developed the SolarFlow System a combined Solar Thermal Heating and Electricity Generation System optimized for homes and small commercial buildings. The SolarFlow System incorporates the SolarHeart Engine, a low temperature Stirling Engine for conversion of solar thermal energy and waste heat to electricity.
Energy Recommerce Inc. aims to provide web-enabled monitoring and management solutions for commercial solar energy investors concerned about their PV system's performance and return on investment. Unlike existing monitoring systems, Energy Recommerce aims to provide detailed data of a PV system's performance so that also small problems can be detected early, and downtime minimized, which maximizes the profit for the PV system owner.
Vaillant Solar Systems offers a range of options for residential installations, which can be customized to meet their family's needs. With a Vaillant system, prepare to enjoy lower utility bills, the comfort of hot water, where and when users want it, and the peace of mind that comes from reducing their family's carbon footprint
Focus solar is a company that offers independent consultancy in solar energy.
Solar Global Energy LLC believes in making renewable energy and accessible for everyone. The company are delighted to facilitate the implementation of renewable technologies for commercial, residential, governmental and Non-profit organizations. With a cooperative attitude and outstanding customer service for renewable energy industry consumers SGE LLC will be an industry leader. The company will partner with other companies to meet the company's project demands and reduce the carbon-restrictions for saving the future of the company's environment. Installation and maintenance of renewable energy power systems that help commercial and residential customers save money as well advice on other ways to reduce energy consumption. The company hope users can find everything users need. Solar Global Energy LLC is focused on providing high-quality service and customer satisfaction - the company will do everything the company can to meet their expectations. With a variety of offerings to choose from, we're sure users'll be happy working with us.
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