Tigo Energy introduced the acquisition of FSIGHT, an vitality information analytics software program firm based mostly in Hod HaSharon, Israel. With FSIGHT, Tigo expands its skill to make use of vitality consumption and manufacturing information for photo voltaic vitality producers. The transaction was signed on Nov. 29, 2022.
The 2 firms will construction the brand new operation to develop 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 information instruments and the chance to develop our information companies enterprise in photo voltaic,” stated Zvi Alon, chairman and CEO at Tigo Power, Inc. “With FSIGHT, AI and machine studying expertise 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.”
Meet FSIGHT
FSIGHT is a software-as-a-service (SaaS) firm that provides utilities, impartial energy suppliers (IPPs), photo voltaic property homeowners, engineering, procurement and building corporations (EPCs) and traders visibility into efficiency of photo voltaic vitality programs in addition to predictive information.
The prediction engine and analytics are particularly helpful for Tigo. FSIGHT permits correct behind-the-meter vitality insights that scale rapidly 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.
“Our mission has been to facilitate the vitality transition through the use of information to reinvent enterprise fashions for a greener vitality market of the long run, and Tigo’s world footprint permits us to considerably speed up these ends,” stated Evgeny Finkel, CEO of FSIGHT. “Via the help of Tigo and its huge put in base, we will present much more correct predictions about prospects’ vitality programs. I’m delighted to affix the Tigo group and convey the perfect of each firms to our prospects.”
Finkel and the FSIGHT group will be part of the Tigo group on the Ra’anana, Israel, workplace. FSIGHT’s buyer help group will function with out interruption as the corporate integrates into the Tigo operation over the approaching weeks and months.
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