Otovo Acquires Solar Service Professionals to Enter California
Houston, TX, January 8, 2026 - Otovo, a leading home energy service provider,today announced it has entered into a definitive agreement to acquire SolarService Professionals Inc. (SSP), a leading solar service provider based inCalifornia. The acquisition of SSP, scheduled to close in early January, marksOtovo's strategic entry into America's largest residential solar + storagemarket, California.
Founded in 2017, SSP has built a specialized solar service business with astrong installed customer base of 38,000 customers since it was founded in2017.SSP will be integrated into Otovo's growing service business, expanding itspresence in the U.S. to California, through an established and popular serviceprovider. Otovo will work to convert the existing California base of SSPcustomers to its subscription service, with the expectation that thisinitiativewill be accretive to net income in 2026.
"This strategic acquisition represents a pivotal moment for Otovo's U.S.expansion, launching our innovative AI-based energy service in California andpotentially other markets thereafter, and establishing a foundation forsignificant growth in 2026," said William J. (John) Berger, CEO of Otovo."SSP'sestablished operations in California provide Otovo with an immediate footprintin the country's largest solar market. By combining SSP's stellar 5-Starreputation for service with our AI-native EnduranceTM platform, we arecreatingan unparalleled high-quality rapid-response service offering that we expectwillgrow quickly in California."
"Joining forces with Otovo opens an exciting new chapter for our team and thethousands of homeowners we serve," said Manny Hernandez, Owner and CEO ofSolarService Professionals. "We are incredibly proud of the trusted reputationwe'vebuilt over the years, and by integrating with Otovo's cutting-edge EnduranceTMplatform, we can take that service experience to the next level. Thispartnership not only secures a bright future for our employees but ensures ourcustomers will benefit from faster response times and smarter energymanagement." Otovo has acquired Solar Service Professionals
Otovo's all-in-one power partner model unites retail electricity, energyservice(operations and maintenance), and grid trading through a cloud-connectedVirtualPower Plant, giving customers power they can count on and service they cantrust. Its AI-native EnduranceTM platform can triage issues and route therightcrew in real time, connecting technicians, trucks, and installed devices intoasingle responsive network. The live tracking function closes the loop withcustomers, while optimized routing raises first-time-fix rates while cuttingtravel.
The transaction is subject to standard closing conditions, includingcompletionof due diligence and no material adverse changes. No regulatory approvals orthird-party consents are required for the transaction.
About Otovo Otovo is an AI-Native home and business energy services company in Europe andthe United States. We combine real-time equipment monitoring, rapid repairs,dependable power supply, and grid participation into a single, seamlessservice-delivering maximum service at a minimal cost. Endurance, Otovo'sindustry-leading AI platform, continually monitors installed equipment inhomesand businesses, optimizes the entire service process from problem detection toresolution, and coordinates repairs around the clock. "Your Power, Backed byOurs." Otovo is listed on the Euronext Oslo Stock Exchange under the tickerOTOVO. Visit us at https://otovo.ai/.
The above includes forward-looking statements including goals, projections,targets, and plans based on current expectations and assumptions. Actualresultsmay differ materially due to risks and uncertainties, including thosedescribedbelow. We do not undertake to update forward-looking statements except asrequired by law. This is not an offer to sell securities.
Execution risks include: the ability to hit sales, margin, and deploymenttimelines; dependency on third-party installers/OEMs and data providers;variability in customer acquisition cost and payback; working-capital andfinancing availability; regulatory and compliance changes (telemarketing/TCPA,privacy, and state consumer rules); concentration of customers and partners;technology and data security incidents; and general economic conditions thataffect demand and pricing.
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Media ContactMatt Dallas917-363-1333matt.dallas@icrinc.com
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