The software program firm brings highly effective analytics and predictive capabilities to Tigo and provides new alternatives for monetizing vitality knowledge.
Tigo Power, Inc., a number one supplier of clever photo voltaic and vitality storage options, at present introduced the acquisition of FSIGHT, an vitality knowledge analytics software program firm primarily based in Hod HaSharon, Israel . With FSIGHT, Tigo expands its potential to leverage vitality consumption and manufacturing knowledge for photo voltaic vitality producers, including a strong prediction platform that gives wealthy and actionable system efficiency knowledge, from grid to module degree. The transaction was signed on Tuesday, November 29, 2022.
As a software-as-a-service (SaaS) firm, FSIGHT gives utilities, IPPs (Impartial Energy Suppliers), photo voltaic asset homeowners, EPCs (Engineering, Procurement, and Building companies), and traders with excessive -fidelity visibility of the efficiency of their photo voltaic vitality programs, the vitality demand served by the programs, and correct predictive knowledge about the identical. With the flexibility to deploy new, accretive service choices, the FSIGHT platform gives Tigo with a scalable knowledge analytics infrastructure and prediction engine to speed up the deployment and optimization of distributed renewable vitality sources (DERs). Backed by 5 patents and patents pending, in addition to a low working value per endpoint enterprise mannequin, FSIGHT’s infrastructure allows correct behind-the-meter vitality insights that may simply scale for DER tasks of all sizes. For smart-meter utilities, this implies extra correct forecasting for load, technology, and pricing dynamics, in addition to portfolio composition and the flexibility to automate buyer clustering. FSIGHT, based in 2015 by digital vitality transformation pioneers Eveline Steinberger (Blue Minds) and Amos Lasker (Amrav Investments), at present serves distinguished vitality firms within the US, Israel, and Central and Japanese Europe.
“Our mission is to speed up the vitality transition by utilizing knowledge to remodel enterprise fashions for a greener vitality market of the long run, and Tigo’s world footprint permits us to speed up this objectives,” stated Evgeny Finkel, CEO of FSIGHT. “By way of Tigo’s assist and its broad put in base, we will present extra correct predictions about clients’ vitality programs. I’m excited to affix the Tigo group and convey the most effective of each firms of our clients.”
Mr. Finkel and the FSIGHT group will be a part of the Tigo group within the Ra’anana, Israel, workplace. FSIGHT’s buyer assist group will function with out interruption as the corporate integrates operations with Tigo within the coming weeks and months. The 2 firms will construction the brand new operation to increase their mixed choices to make the deployment of correct, scalable, and versatile predictive analytics simpler for its clients.
“The acquisition of FSIGHT strengthens our management place in MLPE by including two new layers of refined vitality knowledge instruments and the chance to increase our photo voltaic knowledge providers enterprise ,” stated Zvi Alon, chairman and CEO of Tigo Power, Inc. “With FSIGHT, AI and machine studying expertise predict electrical energy consumption and create particular person endpoints or aggregated portfolios, which we consider will profit stakeholders all through the photo voltaic worth chain. We stay up for extra improvement of our complete digital platform to optimize the photo voltaic expertise for all events, from commissioning by operations and upkeep.”
For extra data on how FSIGHT can add superior vitality monitoring from Tigo, watch the webinar out there right here, or schedule an unique demonstration of the FSIGHT platform by contacting gross sales@fsight.io.
About Tigo Power
Based in 2007, Tigo is a worldwide chief within the improvement and manufacture of clever {hardware} and software program options that enhance security, improve vitality yield, and decrease the working prices of residential photo voltaic programs. , business, and utility-scale. Tigo combines Flex MLPE (Module Degree Energy Electronics) and photo voltaic optimizer expertise with clever, cloud-based software program capabilities for superior vitality monitoring and management. Tigo MLPE merchandise maximize efficiency, allow real-time vitality monitoring, and supply code-required fast shutdown on the module degree. Tigo additionally develops and manufactures merchandise comparable to inverters and battery storage programs for the residential solar-plus-storage market. For extra data, please go to https://www.tigoenergy.com.
