Indian conglomerate Reliance Industries has acquired a 79.4% stake in US PV software program developer SenseHawk by way of a US$32 million funding.
The funding can be used to drive the software program firm’s development, ramp up the business rollout of its merchandise and improve its analysis and growth (R&D).
California-based SenseHawk is an early-stage software program firm that develops administration instruments for the photo voltaic PV business. Reliance stated it might “speed up photo voltaic initiatives from planning to manufacturing by serving to corporations streamline processes and use automation.”
SenseHawk’s ‘Photo voltaic Digital Platform’ affords end-to-end administration of photo voltaic asset throughout totally different levels of venture growth.
In line with the corporate, its ‘pre-construction analysis and course of optimisation’ allows the aggregation of a number of processes and knowledge right into a single GIS-supported view for dashboarding, land knowledge administration, design possibility administration and approvals.
Its ‘building administration’ service supplies improved communications between venture groups, enabling early situation detection and onsite decision, automated progress stories and connects engineering drawings and schemas to elements on website.
Lastly, its operations and upkeep (O&M) software program “brings all stakeholders to a single interface”, with groups working off of the identical map-based duties, with entry to all required knowledge mapped to a digital twin.
Thus far, the corporate has been utilized by greater than 140 corporations inside 15 international locations and has supported the event of greater than 100GW of photo voltaic PV throughout 600 initiatives, in response to Reliance.
“SenseHawk, together with [Reliance’s] different investments in new vitality, can be synergistic and create distinctive options with greater worth to clients,” Reliance stated in an announcement.
“In collaboration with SenseHawk, we’ll drive down prices, improve productiveness and enhance on-time efficiency to ship the bottom [levelised cost of energy] for photo voltaic initiatives globally,” stated Reliance chairman and managing director, Mukesh Ambani, Asia’s richest man.
Reliance, which has investments in hydrocarbon exploration and manufacturing, petroleum refining and petrochemicals in addition to renewables, hopes the acquisition will assist its PV venture rollout. It’s focusing on 20GW of put in photo voltaic by 2025 and 100GW by 2030.
The corporate has been laying the groundwork for higher photo voltaic deployment by establishing a 10GW photo voltaic cell and module manufacturing unit in Jamnagar, India, which is able to begin manufacturing within the module-strapped nation by 2024. Recruitment of employees on the website has just lately been ramped up.