Power Factors, LLC Hires Jay Lakumb as VP of Product Management
Power Factors, LLC, a California-based software provider for operational and performance monitoring software for renewable energy, has hired Jay Lakumb to expand product development in wind. Over the past year and a half, the company has been diversifying its expertise and product offering to service the wind industry by bringing in subject matter experts like SVP David Roberts and making strategic acquisitions including Arista Energies. To date, Power Factors, already monitors over 23 GW of solar and wind assets.
Jay brings over 13 years of experience as a product manager in renewable energy including tenures at OSIsoft and most recently, as the Principal Product Manager at GE Digital for their Renewables business unit. His extensive experience in automation and analytics products support Power Factors’ vision of becoming the leader in performance management for clean energy.
Lakumb says, “At a global level, renewable energy is becoming the lowest cost energy available, driving tremendous growth in the size and scale of the industry. The Power Factors platform, already one of the recognized leaders in the solar industry, is well-suited to meet the needs of the wind power industry. I am pleased to be joining forces with the tremendous team at Power Factors, to deliver a true cross-generation class platform built upon industry standard technologies”
Roberts adds, “We are extremely excited to have Jay joining as VP of Product Management. His experience and passion for the industry and deep technology background will help us deliver to our customers unique capabilities to identify events impacting production and appropriate actions to improve performance of their fleet of renewable energy assets.
Power Factors is part of the Renewable Energy Infrastructure Group (REIG), managed by Oaktree Capital Management, L.P. and servicing Solar, Wind, Energy, Storage and Electric Vehicle assets.