Denver, Colorado-based Liberty Energy has announced the acquisition of IMG Energy Solutions, a developer of distributed power systems.
The acquisition enhances Liberty Energy’s subsidiary Liberty Power Innovation's offerings by integrating IMG's engineering designs, utility interconnection experience, software control systems and power marketing expertise.
Liberty Energy CEO Ron Gusek stated: "The acquisition of IMG cultivates bench strength across LPI, representing a significant step forward. It accelerates our engineering design and construction capabilities, augments our systems controls, and enables immediate participation in PJM [the US states of Pennsylvania, New Jersey and Maryland] market activities.
"By bringing IMG into the Liberty family, LPI is well-positioned to deliver low emissions, capital efficient energy solutions with a fully integrated power solution across the value chain.”
IMG Energy Solutions’ modular power product design allows for the rapid deployment of microgrids.
The company's fourth-generation design offers a high-reliability, scaleable and standardised power block configuration.
The design is pre-engineered and pre-tested, requiring a minimal balance of plant equipment and enabling quick adaptation to site-specific requirements without the need for re-engineering and reconfiguration.
The modular power block design ensures scheduled completion, optimised life cycle economics and rapid deployment across various customer applications.
IMG's cloud-based centralised operations platform facilitates remote monitoring and control, integrating systems, automation, instrumentation and electrical design.
The network operating centre ensures continuous power dispatch, remote monitoring and asset management around the clock to optimise plant performance and ensure long-term reliability.
IMG CEO Mike Brady stated: “The IMG team is excited to join forces with Liberty, which has a long history of successful deployment of capital into the energy space with innovative, world-class customer-centric product solutions.
“We look forward to leveraging our collective experiences to further the successes of our customers.”
IMG Energy Services was advised financially by FTI Capital Advisors.
