CHANDLER, Ariz., USA, May 1, 2024 — NovaSource Power Services, a premier global provider of solar operations and maintenance (O&M) services, today announced Akshay Sagar as its new President and Chief Executive Officer. Backed by Clairvest Group Inc. and OMERS Private Equity, NovaSource is set for its next growth phase under Sagar’s leadership.
Akshay Sagar steps into his new role with a rich history in the energy sector, having held senior positions at notable companies such as Paterson-UTI, Weatherford International, Halliburton, and Schlumberger. Known for his strategic insight and commitment to sustainable growth, Sagar is well-prepared to lead NovaSource towards enhancing global clean energy initiatives.
“I am honored and delighted to be part of the NovaSource team as we prepare for the next phase of growth and diligent execution at NovaSource,” Sagar commented. “I would like to thank the Board for their trust and look forward to working with the world-class team at NovaSource, as we continue to deliver value for our customers.”
Endorsements for the New Leadership
Bill Morneau, Chairman of the Board at NovaSource, praised Sagar’s appointment, noting, “Akshay is a highly respected leader, and brings with him decades of experience and a strong vision for the future. We are excited to have him on board as President and CEO and are confident he will be successful as we head into the company’s next chapter of growth and opportunity.”
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About NovaSource Power Services
NovaSource Power Services specializes in the operational maintenance of solar energy installations globally. With a focus on maintaining high safety standards and integrity, NovaSource cultivates lasting relationships with its clients and team members. As a dedicated O&M entity, the company is uniquely positioned to enhance the efficiency and lifespan of clean energy projects, furthering the global energy transition.