E Source Enhances Utility Services with Acquisition of Opinion Dynamics

In a significant move to enhance its service offerings within the utility sector, E Source has announced the acquisition of Opinion Dynamics, a renowned firm specializing in program evaluation and advisory services. This strategic acquisition is poised to solidify E Source’s position as a comprehensive partner for utility companies seeking to improve efficiency and adapt to the evolving needs of their customers.

A New Era for Utility Solutions

E Source has been a key player in the utility sector for over 35 years, providing critical data-driven insights and strategic guidance that help utilities navigate various challenges. With the integration of Opinion Dynamics, E Source not only expands its operational capabilities but also broadens its expertise in evaluating grid-edge programs. These programs are increasingly important as utilities focus on energy efficiency, transportation electrification, and overall decarbonization strategies.

As utility companies grapple with changes in energy consumption and regulatory frameworks, this acquisition presents a timely opportunity for E Source. By combining its existing strengths with the sophisticated evaluation methods and insights brought in by Opinion Dynamics, E Source can now deliver an even more robust suite of services to its utility partners. Joe Eazor, CEO of E Source, emphasized this synergy, stating, "This acquisition marks a pivotal step in our growth strategy and in the evolution of our utility partnerships."

Strengthening Service Capabilities

Opinion Dynamics is recognized for its multidisciplinary expertise, which includes social scientists, economists, and data scientists. This makes the firm a valuable asset in developing innovative evaluation methods and ensuring that utility programs align with customer needs and environmental goals. With this team’s support, E Source is set to enhance its service offerings, providing evidence-based solutions that are tailored to address contemporary grid challenges.

The strategic alignment between E Source and Opinion Dynamics aims to empower utilities through every stage of their program lifecycle. This means not only planning and execution but also the assessment of program efficacy and impact, ensuring accountability in utility services.

Future Perspectives

Looking ahead, E Source plans to leverage this acquisition to accelerate growth and investment in talent development. This not only signals a commitment to better serving current clients but also an intention to attract new clients through enhanced capabilities. Bill Norton, President of Opinion Dynamics, shared insights into this future vision, stating, "Our dedicated team will continue to provide industry-leading service, now backed by an even deeper bench of experts ready to tackle emerging issues."

Investor Backing and Strategic Advisors

The acquisition is backed by Align Capital Partners and reflects E Source’s proactive approach to innovation in the utility sector. E Source and Opinion Dynamics were advised by leading firms McGuireWoods LLP, FOCUS Investment Banking, and Saul Ewing LLP, ensuring that both companies navigated this transition expertly.

About E Source

Headquartered in Boulder, Colorado, E Source combines technology solutions and consulting services to assist utilities in making data-led decisions. With a focus on environmental impact alongside customer satisfaction, E Source continues to evolve its offerings with advancements in the sector. To learn more about their comprehensive solutions, visit E Source.

About Opinion Dynamics

Opinion Dynamics has established itself as a leader in providing actionable insights regarding energy consumption. Their extensive expertise covers demand-side utility services, with a particular focus on energy efficiency and transportation electrification. With offices across multiple states, including Massachusetts, California, and Oregon, they're committed to helping clients navigate the complexities of energy usage and regulation. For more information, explore Opinion Dynamics.