In recent months, large media corporations have begun acquiring market analsyt groups focused on renewable energy.
IHS Inc. (NYSE: IHS – News) continued the trend, announcing the acquisition of Emerging Energy Research, a firm that regularly produces reports on emerging energy markets such as solar and wind power.
The purchase price is approximately $18 million.
In December 2009, Bloomberg acquired New Energy Finance for an undisclosed amount, and Thomson Reuters (NYSE: TRI) picked up ASSET4 AG, a Swiss-based, provider of Environmental, Social Responsibility and Governance (ESG) information.
Emerging Energy Research draws on core competencies in market and
competitive analysis, business intelligence, strategy assessment and
global reach to offer clients advisory services, consulting services
and market studies about emerging technologies in global energy
markets, including wind, solar, geothermal, biomass, ocean energy,
nuclear, carbon capture and storage, and hydrogen. The company is
dedicated to tracking market segments on the cusp of change in the
energy industry – those that are the fastest growing, the fastest
changing and most impacted by technology advances, regulatory trends,
market trends and industry restructuring.
IHS provides economic, financial and political coverage on
markets, companies, transactions, geopolitics and industry trends to help
customers reduce operating costs, increase productivity and effectively
evaluate investment opportunities.
“This acquisition will help strengthen our leadership position in the
rapidly evolving climate change and alternative energy information
market, and provide even greater breadth and depth of information and
insight for our global customers” IHS Chairman and CEO Jerre Stead said.
Emerging Energy Research was established in 2003 and has offices in Cambridge, Mass., and Barcelona, Spain.
IHS (www.ihs.com) has been in business since 1959 and employs about 4,100 people in 28 countries.
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