EverLine - Energy's Technical Stack

Background

EverLine - Energy's Technical Stack, established in 2021, is a subsidiary of LineStar Integrity Services, a First Reserve portfolio company. Headquartered in Houston, Texas, with additional offices in Denver, Colorado, and Bakersfield, California, EverLine provides integrated technical services to over 200 customers nationwide. The company's mission is to ensure that energy operators' assets are compliant, connected, and secure, thereby enhancing safety, reliability, and efficiency across the energy sector.

Key Strategic Focus

EverLine's strategic focus centers on delivering a comprehensive suite of services through its unique technical stack, which includes:

Regulatory and Risk Management: Performing jurisdictional determinations, developing compliance plans, supporting audits, and operating assets in adherence with PHMSA, NERC, and state requirements.

SCADA and Control Center Operations: Designing, integrating, and providing support for complex SCADA systems and OT networks, along with 24/7 asset monitoring and control.

Cyber and Physical Security: Offering robust operational security programs, detailed assessments, standards compliance, network monitoring, and incident response to protect critical infrastructure.

These services are tailored to meet the unique operational needs of diverse infrastructure owners, including utilities (gas, power, water), renewables (wind, solar, storage), and midstream (pipeline and station) operators.

Financials and Funding

As of December 2024, EverLine's estimated annual revenue is between $50 million and $100 million, with approximately 201 employees. The company has experienced significant growth, increasing its employee count by 14% in the past year. Specific details regarding funding history and notable investors are not publicly disclosed.

Technological Platform and Innovation

EverLine distinguishes itself through its proprietary SP3 technology, which leverages advanced methodologies to revolutionize asset data management. SP3 provides verified, immutable, and accessible asset records, authenticating compliance data, reducing regulatory costs, and enabling real-time, efficient audit capabilities. This innovation fosters trust among operators, regulators, and the public.

Leadership Team

EverLine's leadership team comprises experienced professionals dedicated to advancing the company's mission:

Louis Krannich, President: With a background in gas pipeline operations, investment planning, business development, and financial analysis, Louis has held leadership positions at Pacific Gas and Electric Company, El Paso Corporation, Tennessee Gas Pipeline Company, and Lehman Brothers.

Annie McIntyre, Chief Security Officer: Oversees the company's security strategies, ensuring the protection of critical infrastructure.

Trent Ackhurst, VP - Compliance & Integrity: Leads compliance and integrity initiatives, ensuring adherence to regulatory standards.

Michel Oliver, Control Room Management Principal: Manages control room operations, focusing on safety and reliability.

Ahmard Hall, Sr. Director, Control Room and SCADA Operations: Brings 20 years of experience, including service in the US Marine Corps and ROC, to oversee control room and SCADA operations.

Woodrow Boles, Director, Renewables SCADA: With 15 years of experience, including tenure at Enel, Woodrow leads the renewables SCADA division.

Leadership Changes

In March 2023, EverLine expanded its leadership team by acquiring JDEC Solutions, a provider of NERC compliance services. Darrell Scruggs, founder of JDEC, joined EverLine as Director of Power Services, enhancing the company's expertise in regulatory compliance and cyber security within the power generation market.

Competitor Profile

Market Insights and Dynamics: The energy sector is experiencing a growing emphasis on compliance, security, and operational efficiency, driven by regulatory requirements and technological advancements. Companies offering integrated technical services are well-positioned to capitalize on this trend.

Competitor Analysis:

National Fuel Gas Company: Engaged in the production, gathering, transportation, distribution, and marketing of natural gas.

Resolute Engineering: Provides energy engineering and design services to the oil and gas industry.

Encore Energy Services: Specializes in supplying natural gas and energy-related services to commercial and industrial end-users.

JP Energie Environnement: A producer of renewable energies, focusing on sustainable energy solutions.

These competitors offer various services within the energy sector, but EverLine's integrated technical stack and proprietary technologies provide a distinct competitive advantage.

Strategic Collaborations and Partnerships

The acquisition of JDEC Solutions in March 2023 exemplifies EverLine's commitment to enhancing its service offerings. This strategic move expanded EverLine's capabilities in NERC compliance and cyber security services, particularly within the power generation market.

Operational Insights

EverLine's integrated approach to compliance, SCADA/IT, control room, and security services offers a unique value proposition. By providing a comprehensive suite of services, the company enhances safety and reliability while delivering cost savings compared to internal operations or sourcing from multiple vendors. This holistic strategy positions EverLine favorably against competitors who may offer more fragmented solutions.

Strategic Opportunities and Future Directions

Looking ahead, EverLine aims to leverage its technical stack to further penetrate the renewables market, building on its proven track record in delivering integrated SCADA and network solutions for wind and solar projects. The company's focus on innovation, exemplified by its SP3 technology, positions it to meet evolving industry demands and regulatory requirements effectively.