Friday, April 29, 2011

AlsoEnergy Ties Into Main Street Power, Morgan Stanley

Boulder-based AlsoEnergy, a developer of software used for power monitoring and billing by solar power project developers, said Friday that it has inked a partnership with Main Street Power and Morgan Stanley, where it will serve as the monitoring and billing technology platform for international solar power projects developed, financed and operated by Main Street and Morgan Stanley. Financial details of the deal were not disclosed. AlsoEnergy said that so far, it has deployed on more than 3.5 MW and 50 projects with Main Street and Morgan Stanley. AlsoEnergy is headed by Robert J. Schaefer and Holden Caine. Schaefer was previously CEO of Breece Hill, and Caine was VP Software Development at Fujifilm, USA.