Prescinto Technologies Marks Its U.S. Market Launch with $6.5M Fundraise, Partnership with Major Energy Storage Company – Yahoo Finance
The AI-powered SaaS company expands its clean energy asset management services beyond wind and solar into the rapidly accelerating energy storage market and adds North America to its growing international portfolio.
NEW YORK, September 13, 2022–(BUSINESS WIRE)–Prescinto Technologies (or "Prescinto"), a leading global clean energy asset performance management SaaS platform, today announced it had successfully raised $6.5M in financing and launched in the U.S. market with its first U.S.-based client. The partnership is with a major international energy storage development and manufacturing company and entails real-time data monitoring and analytics of energy storage assets installed by the company, globally. The news also marks the expansion of Prescinto's technology solutions which already includes management of more than 12 gigawatts of solar and wind energy assets across 14 countries. As one of the only asset performance management platforms that offer both an improvement in energy generation of up to 7% or more for solar and wind energy projects, as well as optimization for battery energy storage systems (BESS), Prescinto is poised to provide game-changing market impact to the clean energy industry.
As the value of pairing energy storage with clean energy projects continues its exponential growth, ensuring these energy storage systems have reliable, real-time data and analytics is instrumental in optimizing the economics of the project. To that end, Prescinto’s solution leverages advanced data-driven intelligence to assist its customers in making informed asset management and market decisions that maximize the value of their clean energy assets. The company’s cloud-based, asset-agnostic platform remotely retrieves critical battery data, tracks energy block-wise data, and provides critical insights to improve asset performance and automation. To provide a tailor-made solution, Prescinto provides a SaaS license for operations and engineering teams with a customized performance analytics tool for monitoring and testing battery health, battery performance enhancement, module tracking and overall digitization of the life cycle of a battery’s performance.
"We want to spearhead the digital transformation for clean energy asset owners. This partnership with a global leader in energy storage will be instrumental in opening doors to the energy storage space and our clientele/business in the United States," said Puneet Singh Jaggi, founder and CEO of Prescinto. "Our advanced monitoring and analytics technology enable our clients to maximize the value of their energy storage assets through market-specific optimization. This is technology that brings major disruption to clean energy, amplifying asset effectiveness with the power of data and analytics, and we’re excited to bring it to the North American market."
With its entry into both the energy storage market and the North American market during a period of increased investment in the clean energy industry, Prescinto is poised for further growth and progress toward its goal of being the operating system of choice for renewable energy projects, globally. Over the past six months the company has expanded its team to include dedicated representatives in the U.S. and Europe, and plans to continue expanding into new markets and growing its technology and service offerings.
About Prescinto Technologies
Prescinto Technologies is a leading global clean energy asset performance management SaaS platform for solar, wind and energy storage, purpose-built by industry experts to improve asset generation and accelerate the clean energy transition. Prescinto provides real-time insights, analytics, and automation support for renewable energy asset performance optimization. With a veteran team of industry experts and a portfolio of over 12 GW across 14 countries, Prescinto is the trusted partner for global clients working toward the clean energy transition. For more info, visit www.prescinto.ai.
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Prescinto@antennagroup.com
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