Tigo Power introduced the acquisition of FSIGHT, an vitality knowledge analytics software program firm primarily based in Hod HaSharon, Israel. With FSIGHT, Tigo expands its capacity to leverage vitality consumption and manufacturing knowledge for photo voltaic vitality producers, including a robust prediction platform that gives wealthy and actionable system efficiency knowledge, from the grid all the way down to the module stage. The transaction was signed on Tuesday, November 29, 2022.
As a software-as-a-service (SaaS) firm, FSIGHT provides utilities, IPPs (Unbiased Energy Suppliers), photo voltaic property house owners, EPCs and traders high-fidelity visibility into the efficiency of their photo voltaic vitality techniques, the vitality demand served by these techniques and correct predictive knowledge about the identical. With the power to deploy new, accretive service choices, the FSIGHT platform offers Tigo a scalable knowledge analytics infrastructure and prediction engine to speed up the deployment and optimization of distributed vitality sources (DERs). Backed by 5 patents and patents pending, in addition to a low operations price per endpoint enterprise mannequin, FSIGHT infrastructure permits correct behind-the-meter vitality insights that scale shortly for DER initiatives of all sizes. For smart-meter utilities, this implies extra correct forecasting for load, era and pricing dynamics, in addition to portfolio composition and the power to automate buyer clustering. FSIGHT at present serves distinguished vitality firms within the U.S., Israel and Central and Japanese Europe.
“Our mission has been to facilitate the vitality transition through the use of knowledge to reinvent enterprise fashions for a greener vitality market of the longer term and Tigo’s international footprint permits us to considerably speed up these ends,” mentioned Evgeny Finkel, CEO of FSIGHT. “Via the assist of Tigo and its huge put in base, we can present much more correct predictions about prospects’ vitality techniques. I’m delighted to affix the Tigo crew and produce the very best of each firms to our prospects.”
The FSIGHT crew will be part of the Tigo crew on the Ra’anana, Israel, workplace. FSIGHT’s buyer assist group will function with out interruption as the corporate integrates into the Tigo operation over the approaching weeks and months. The 2 firms will construction the brand new operation to broaden their mixed choices to make the deployment of correct, scalable and versatile predictive analytics much more handy for its prospects.
“The acquisition of FSIGHT strengthens our management place in MLPE by including each a brand new layer of refined vitality knowledge instruments and the chance to broaden our knowledge providers enterprise in photo voltaic,” mentioned Zvi Alon, chairman and CEO at Tigo Power, Inc. “With FSIGHT, AI and machine studying know-how forecasts electrical energy consumption and era of particular person endpoints or aggregated portfolios, which we consider advantages stakeholders all alongside the photo voltaic worth chain. We sit up for additional evolving our complete digital platform to optimize the photo voltaic expertise for all events, from commissioning by operations and upkeep.”
Information merchandise from Tigo Power