Residential solar operation and maintenance service provider Otovo has reached an agreement to acquire California-based solar service provider Solar Service Professionals (SSP). The acquisition of SSP is scheduled to be completed in early January, marking Otovo's entry into California, the largest residential solar + energy storage market in the United States.
SSP, founded in 2017, has established a specialized solar energy service business with 38,000 installed customers. SSP will be integrated into Otovo's growing service business. Otovo will strive to convert SSP's existing California customer base to its subscription service, and this initiative is expected to increase net income by 2026.
"This strategic acquisition marks a pivotal moment in Otovo's expansion into the United States, as we will launch innovative AI-based energy services in California, with the potential to expand to other markets subsequently, laying the foundation for significant growth in 2026," said William J. (John) Berger, CEO of Otovo.
Otovo's integrated power partnership model combines retail electricity, energy services (operations and maintenance), and grid trading through a cloud-connected virtual power plant. Its AI-embedded Endurance platform can triage issues in real-time and arrange appropriate maintenance teams, connecting technicians, trucks, and installation equipment into a single response network. Real-time tracking functionality forms a closed loop with customers, while optimized routes improve first-time fix rates and reduce travel time.