Swedish solar roof maker SunRoof has bought Redlogger, a Swedish company developing renewable energy software for an undisclosed sum. The move will create a platform to sell the surplus energy generated by SunRoof solar cells, with the first marketplace launch to take place in Poland.
Redlogger (Renewable Energy Data Logger) is a system and an application which logs the amount of green energy that is generated and consumed. It also reports the energy for the Swedish Energy Agency, a requirement to receive compensation for the surplus provided to the grid. Previously only available to owners of solar panels in Sweden, Redlogger will soon become available in all countries where SunRoof operates. The software can be used to develop a digital home platform and a solar energy marketplace.
Redlogger will undergo a complete overhaul and, alongside collecting data on the amount of power generated by a solar roof, it will also be able to smartly manage energy in the household as well as to integrate with smart home solutions.
“Our ambition is to become the largest energy marketplace in Europe, and to use the Redlogger infrastructure to develop a platform that can compete with Tesla's Autobidder,” said Lech Kaniuk, CEO of SunRoof.
“SunRoof is currently growing at such a rapid pace that investing in new technologies which meet our needs and expectations saves us the time and resources we would have needed to spend on developing such a system from scratch,” he said. “As a result, we can accelerate the implementation of unique energy management solutions from 6 months to a year. Some of the acquisition-related transactions were cash transactions, while some involved SunRoof shares, meaning that key Redlogger staff have become our partners. We are happy to see them complement our own skills. By joining forces, we can digitise the energy market and promote the use of renewable energy sources. More acquisitions of businesses from this area are thus also on