Caterpillar Inc. buys Pennsylvania energy services company
Caterpillar Inc., a manufacturer of construction and mining equipment, off-road diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, recently purchased Kennett Square-based Tangent Energy Solutions , an energy-as-a-service (EaaS) company.
“Tangent Energy has developed a suite of smart energy solutions that leverage advanced analytics to deliver value to customers,” said Jason Kaiser, vice president of Caterpillar Electric Power. “Tangent’s EaaS offerings complement Caterpillar’s extensive power product portfolio, enabling us to better serve our customers with reliable, efficient, sustainable and connected power solutions that support business operations while generating new sources. of income.
Tangent Energy’s software solutions monitor customer grid and facility patterns, analyze opportunities in energy markets, and maximize performance without disrupting normal business operations.
The company provides turnkey solutions to monetize power grid support, reduce emissions, increase energy efficiency, reduce energy costs and ensure the resilience of customer operations.
Tangent Energy Solutions will operate under the Electric Power division of Caterpillar under the Tangent Energy brand.
“Caterpillar leads the industry in providing robust and efficient power solutions supported by advanced digital offerings,” said Dean Musser, president and CEO of Tangent Energy Solutions.
Caterpillar primarily operates in three segments: energy and transportation, resource industries and construction industries. The Company also provides financing and related services through the Financial Products segment.