Articles

This Research Note examines Asuene, a Tokyo, Japan headquartered provider of a sustainability reporting platform, which has recently embarked on an international scaling strategy through acquisitions and regional hubs. Asuene Profile Founded in 2019 in Tokyo, Japan, Asuene Inc. has developed a CO2 visualization, reduction, and reporting cloud platform. The startup offers enterprise software coupled […]

Position Green is a specialist Nordic provider of ESG reporting software and consulting services for businesses. A majority stake in the company was acquired by Norvestor, a Nordic private equity firm in April 2022, Position Green combines ESG business advisory services with a software suite to support corporations in advancing their sustainability agendas. The integrated […]

This Research Note examines the US Initial Public Offering (IPO) filed by ERock on 15th May 2026. Formerly known as Enchanted Rock, the Texas-based provider delivers onsite utility-grade power and microgrid solutions for commercial and industrial businesses, while supporting long-term grid development. ERock Profile Founded as Enchanted Rock in 2006, ERock is a vertically integrated […]

While Johnson Controls has been primarily focused on portfolio transformation and divestments in recent years, the HVAC giant has also been accelerating its position in the data centers vertical, as the May 2026 partnership and investment in Armada demonstrates. This Research Note highlights Johnson Controls’ acquisitions, strategic alliances, and product launches over the past five […]

Bregal Milestone, a European private equity firm, with roughly €2 billion in capital under management, has taken a majority growth stake in meteoviva, the German vendor of AI predictive controls. The deal is intended to fund faster European expansion and the buildout of meteoviva’s autonomous building control roadmap. We previously covered meteoviva in a 2022 […]

In this Research Note, we examine Ameresco’s energy services business based on their 2025 results 2nd March 2026, presentation and 10K Report, highlighting their business segments, 2025 financial highlights, recurring revenue and EBITDA mix. This article updates our previous coverage of Ameresco in March 2025. Ameresco Profile Founded in 2000, Ameresco, Inc. is a leading […]

This Research Note examines Stem’s energy storage and solar business, 2025 financial highlights, and their progress towards a software-centric model, based on the company’s Q4 2025 results, 4th March 2026, and their latest 10-K report. We comment on their pivot to a dual-market software strategy aimed at both commercial and industrial clients and a utility-scale […]

This Research Note examines Eaton Electrical businesses worldwide, the Americas, and Global business units, which account for 73% of Eaton Corporation’s net revenues.  We highlight their acquisitions and strategic investments over the last two years to date and assess the group’s largest end market, data centers, in 2026. The two Electrical business segments combined account […]