Opus advises Virtual Power Plant operator, Levelise, on its sale to BU-UK Infrastructure Group
Category: Deal Announcement
Opus is pleased to have advised the shareholders of Levelise Limited on its sale to BU-UK Infrastructure Group, a leading independent provider of multi-utility networks in the UK, serving over 1 million homes, and owned by Canadian infrastructure investor Brookfield.
Levelise offers a home energy management system that controls high numbers of domestic solar and battery systems through a suite of advanced, proprietary, algorithmic software. Levelise’s technology platform coordinates the actions of these battery systems to provide ancillary services to the National Grid as well as to act in electricity wholesale markets, reducing their customers’ energy bills.
The acquisition by BU-UK will allow Levelise to scale up its technology offering and explore opportunities to develop multi asset smart systems for homeowners and housebuilders.
The transaction is another example of Opus’s leadership in the Energy Transition & Climate Change market where it has advised on several recent software deals including raising equity funds for Piclo, a flexibility services marketplace, and the sale of Irish energy management software firm Wattics.
For further information please contact: John McElroy, Stuart Schofield, Tom Rahman and Safoa Amadi.