11:58:04 EDT Tue 09 Sep 2025
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Clairvest Group Inc
Symbol CVG
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Close 2025-09-05 C$ 70.50
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Clairvest portfolio co. NovaSource launches NovaVision

2025-09-08 20:52 ET - News Release

Mr. Frank Kelly of NovaSource reports

NOVASOURCE LAUNCHES NOVAVISION: AN AI-POWERED TOTAL ASSET OPTIMIZATION PLATFORM FOR SOLAR AND STORAGE

NovaSource Power Services, the world's largest solar operations and maintenance provider and a portfolio company of Clairvest Group Inc., has launched NovaVision, a unified artificial-intelligence-enabled platform designed to improve total asset optimization across utility-scale solar and energy storage portfolios.

NovaVision delivers a powerful suite of predictive capabilities, including performance monitoring, anomaly detection and guided resolution, to help asset owners detect and act upon issues pro-actively. The system streamlines effective decision making and optimizes asset performance across large, complex sites.

"Our new platform transforms real-time data into actionable and fleet-wide insights," said Akshay Sagar, chief executive officer and president of NovaSource. "NovaVision's predictive analytics and guided workflows empower asset owners to recover lost value and deliver results above industry benchmark. Thanks to our integrated solutions and total asset optimization approach, NovaSource-managed assets deliver, on average, 25 per cent more energy per MW than typical utility-scale fleets."

Key features of NovaVision platform

NovaVision features predictive models that are fully customizable to each site. These trainable models leverage both historical and real-time data to anticipate issues before they impact energy yield, enabling a pro-active approach to asset management.

Its artificial-intelligence-powered anomaly and failure detection scan patterns across the entire asset fleet, identifying faults earlier and prioritizing root causes. This ensures field teams are focused on the issues that matter most, enhancing both efficiency and response time.

An actionable insight database provides a unified view of performance across all assets. It ranks operational risks, recommends guided resolutions and tracks improvements, making it easier to measure impact and time to correct.

In addition, NovaVision includes guided resolution tools that seamlessly connect insights with field operations. By translating data into direct action, the platform helps reduce mean time to resolution and maximize system uptime.

"In combination with our 24-seven-365 operations and performance engineering capabilities, NovaVision gives our customers a distinct advantage: earlier issue detection, clearer priorities and guided action that converts insights into measurable progress toward full budget realization," continued Frank Kelly, senior vice-president of engineering solutions at NovaSource.

Flagship solutions within NovaVision platform

NovaVision builds on NovaSource's operational edge, including its state-of-the-art control centre, which delivers 24-seven-365 monitoring across global solar and storage assets. By integrating advanced analytics and real-time intelligence, NovaVision helps close the gap between expected and actual performance, driving utility-scale portfolios toward 100 per cent of budgeted energy output.

NovaVision brings together two flagship digital solutions, with additional modules in development.

The first delivers 360-degree site visibility, serving as the remote eyes and ears of the field. It empowers operators to make faster, more informed decisions without the need to be on site. This capability reduces administrative reporting time by more than an hour per technician per day, allowing teams to focus on higher-value tasks. Operators also gain enhanced situational awareness, streamlined workflows and improved process tracking.

The second leverages a powerful analytic engine to detect inverter performance issues early through thermal anomaly tracking. This pro-active, data-driven approach minimizes downtime, extends asset life, and strengthens long-term system reliability and performance outcomes.

Together, these solutions reflect NovaSource's commitment to total asset optimization, turning advanced data insights into tangible improvements across field operations, asset performance and return on investment.

About NovaSource Power Services

NovaSource, a portfolio company of Clairvest and OMERS Private Equity, the private equity arm of OMERS, is the world's largest independent solar operations and maintenance provider, delivering excellence through data-driven strategies, innovative solutions, and a world-class culture of safety, integrity and quality.

NovaSource's comprehensive approach to total asset optimization in addition to operations and maintenance includes value engineering, performance analysis, strategic supply chain management and advanced monitoring systems. The company operates in key global markets and across most U.S. states managing over 30 gigawatts of solar power plants. NovaSource's expertise extends beyond solar and includes battery energy storage systems, offering a complete suite of services for the evolving renewable energy landscape.

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