FindEnergy.com Acquires PowerOutage.us in Strategic Expansion

Deal News | Dec 03, 2024 | Newswire Business

FindEnergy.com Acquires PowerOutage.us in Strategic Expansion

FindEnergy.com, a leading energy data website, has successfully acquired PowerOutage.us, a top source for live power outage data in the U.S. The acquisition aims to enhance the capabilities of PowerOutage.us by incorporating new features and improvements based on user feedback, while continuing to operate it as a standalone entity. Founded with a goal to provide comprehensive data on power outages, PowerOutage.us has become a critical resource for news outlets, government agencies, and the public during major outages. Matt Hope, co-founder of FindEnergy.com, expressed excitement about the potential improvements and consumer empowerment initiatives that the acquisition will enable. FindEnergy.com is known for offering detailed data on consumer energy costs, both financially and environmentally, across the U.S.

Sectors

  • Energy Data Services
  • Information Technology

Geography

  • United States – Both FindEnergy.com and PowerOutage.us operate in the United States, providing data services related to energy and power outages across the country.

Industry

  • Energy Data Services – The acquisition involves companies providing insights and data on energy consumption and power outages, making this sector particularly relevant.
  • Information Technology – The operation and enhancement of data platforms like PowerOutage.us require significant IT infrastructure and development, placing the transaction within this industry.

Financials

    Participants

    NameRoleTypeDescription
    FindEnergy.comAcquirerCompanyFindEnergy.com is a comprehensive data website focusing on consumer energy landscape information in the United States.
    PowerOutage.usTargetCompanyPowerOutage.us provides real-time data on power outages throughout the United States and has become a vital tool for media and emergency services.
    Matt HopeCo-founder of FindEnergy.comPersonMatt Hope is the co-founder of FindEnergy.com and has expressed enthusiasm about the improvements planned for PowerOutage.us post-acquisition.