Energy consultancy Xodus has acquired Daymark Energy Advisors to strengthen its capabilities in power networks, enhancing its position in the growing international energy transition market. The acquisition is aimed at expanding Xodus’ ability to advise on the transmission and distribution (T&D) of electricity, a critical element for the success of energy transition projects worldwide.
As electrification drives the need for substantial upgrades to power networks, the acquisition will allow Xodus to offer integrated advice on projects from generation to demand. This includes addressing technical challenges, regulatory frameworks, and market pricing dynamics associated with T&D infrastructure, which is vital to the smooth delivery of energy transition projects, particularly in sectors like battery storage, onshore wind, and solar energy.
Steve Swindell, CEO of Xodus, commented on the acquisition: “Our involvement in energy transition projects has grown considerably, with many developments either delivering electrons to the grid or drawing upon power from the grid/local power source in the production of hydrogen or the storage of carbon. Daymark brings deep knowledge and an integrated view of energy infrastructure, regulation, and markets to help clients succeed in the face of uncertainty and transformative change. This acquisition will combine our expertise to offer clients more complete solutions to the challenges they face and the questions they have about this growing, global market.”
The acquisition will also strengthen Xodus’ advisory services in emerging sectors, such as sustainable aviation fuels (SAF), providing a critical differentiator in the broader energy transition. The combined expertise of both firms is expected to offer enhanced solutions to the energy market’s most pressing challenges.
Marc Montalvo, CEO of Daymark Energy Advisors, added: “Both parties bring different – but complementary – knowledge and skillsets to the energy market and infrastructure project consultancy. We have a 45-year history in delivering strategic advice and expert opinion to senior teams across North America and look forward to implementing this with Xodus going forward. We are known for combining rigorous analytical methodology with knowledge of ISO operations and market rules, transmission planning, state and federal policies, and regulatory and rate structures, to provide comprehensive solutions that address client needs. Our blended expertise will offer more complete solutions to industry challenges.”
Following the acquisition, which officially took place in early March 2025, Daymark’s team will continue operating across the U.S. and Canada. The integration of Daymark into Xodus will occur gradually, with the firms working independently at first before full integration into Xodus in the future.
