Intertek Group plc, a Total Quality Assurance provider to a range of industries worldwide, is pleased to announce that it has agreed to acquire Clean Energy Associates, LLC (CEA), an independent provider of quality assurance, supply chain traceability, and technical services to the fast-growing solar energy and energy storage sectors.
energy production
As the energy transition accelerates and companies re-invent the way they manage their sustainability agendas, the growth opportunities within the World of Energy are multiplying.
In order to meet the expected increase in global energy demand as populations grow, while at the same time reducing greenhouse gas emissions, the world will need a significant increase in energy production from a variety of sources in the short, medium, and long term.
decarbonization, energy sustainability, and security
The solar energy sector is expected to continue exhibiting strong growth, and by 2030 become the largest source
New sources of electricity demand, such as the rise of electric vehicles, will also place greater strain on grid stability and resilience.
Supported by the long-term structural trends toward decarbonization, energy sustainability, and security, the solar energy sector is expected to continue exhibiting strong growth, and by 2030 become the largest source of renewable energy generation globally.
solar energy and energy storage
The acquisition of CEA presents a compelling opportunity for Intertek to expand its sustainability service offering in the fast-growing quality assurance market for solar energy and energy storage.
Established in 2008, CEA is headquartered in the US and has an operational base in China. CEA serves as a trusted partner to some of the world’s leading solar project developers, owners, and financiers, providing a range of services across the value chain.
These services include inline production monitoring and quality assurance, supply chain management, and traceability as well as technical support to solar PV and energy storage projects.
end-to-end service
Combined with Intertek’s comprehensive existing solar energy service offerings in product testing and certification and in-field inspections, this transaction creates a truly end-to-end service offering to support customers on their decarbonization and energy sustainability journeys.
CEA will also benefit from Intertek’s global network and customer base, facilitating expansion opportunities into new geographies.
decarbonization and Net Zero
The regulatory environment is becoming more complex as the pace towards Net Zero speeds up"
CEA has a strong track record of organic growth, generating revenues of £21.7 million in 2021, and has over 150 employees. The transaction is subject to customary closing conditions and is expected to be completed in early August 2022.
Andre Lacroix, Chief Executive Officer of Intertek, said, “With rapid changes taking place within the world’s energy mix, the regulatory environment is becoming more complex as the pace towards decarbonization and Net Zero speeds up.”
Solar power generation
Andre Lacroix adds, “Solar power generation is expected to become the fastest-growing electricity source in the years ahead, bringing with it a heightened demand for mission-critical, end-to-end Total Quality Assurance (TQA) solutions.”
He continues, “We welcome the CEA team to Intertek and look forward to working together to seize the attractive opportunities ahead, supporting companies within the solar PV and energy storage industries on their sustainability journeys with our industry-leading ATIC (Assurance, Testing, Inspection, Certification) solutions.”
