enSights has developed an AI-powered, cloud-based energy management and optimization ecosystem, including a battery engineering calculator, for the renewable energy market. This ecosystem scales business operations while maximizing the financial and energy performance of renewable assets.
Background
The success of humanity’s efforts to combat the climate crisis depends on our ability to quickly transition to renewable energy sources. The burning of coal, oil, and gas for power generation accounts for over 40% of carbon dioxide emissions, which poses a hazard to our environment as well as our health – air pollution is the leading cause of serious illnesses and hundreds of thousands of premature deaths annually.
The data is promising, indicating that the rapid growth of renewable energy technologies has positioned the world at a tipping point, with fossil fuel-based electricity generation on the decline. A report by the UK-based Ember think tank, published in April 2023, found that solar and wind power accounted for 12% of global electricity generation in 2022. This figure more than doubled in 2023, as reported in May 2024, with renewable energy sources generating 30% of the world’s electricity the previous year. The report further stated that solar energy has consistently been the fastest-growing energy source for the past 19 years, exceeding researchers’ expectations. In November 2024, the International Solar Energy Council announced a historic milestone achievement of two terawatts of global installed photovoltaic (PV) capacity.
The Challenge
While the technology for generating, storing, and distributing renewable energy is rapidly advancing, data reveals that over 70% of PV assets do not meet their forecasted output. This not only hinders global efforts to transition to renewable energy, but also results in significant financial losses for the businesses owning, managing, and operating these assets, amounting to thousands of dollars daily for each individual fleet. There are a variety of contributing factors for the losses, including technology compatibility, complex management requirements, and detailed human intervention that slows down operations. In addition, the increasing frequency of extreme weather events is also causing more downtime and damage at the site level, while also leading to more pressure on grid reliability.
In order to meet the goal of limiting global warming to 1.5°C by 2050, the market must develop innovative and practical solutions to enhance the efficiency of renewable infrastructure operations, improve energy storage availability, and transform distributed energy resources into interactive grid forming assets. Smart energy management solutions are necessary for meeting the increasingly complex energy demands and accommodating the growing need for – and use of – renewable energy sources.
The Solution
enSights is an innovative SaaS technology company offering an AI-powered, cloud-based management and optimization ecosystem for the clean energy market. Its comprehensive ecosystem aggregates, monitors, and manages clean energy assets, empowering renewable energy stakeholders to optimize business, financial, and energy performance.
Since its inception in 2021, enSights has become a local market leader in the distributed energy generation sector. Today it commands over 30% of the local market share and collaborates with Israel’s leading energy companies. In 2022, the company expanded into the European market, with hundreds of active users managing more than 1.6 GWp on enSights’ ecosystem, its automation and smart workflows now help optimize the daily operations of over 6,000 C&I and utility-scale clean energy assets across four continents. In late 2024, enSights closed a $10 million Series A funding round, spearheaded by venture capital firms JAL Ventures, XT VC, and the Menomadin Foundation. These investors see enSights as a pivotal player in fulfilling the potential of renewable energy for shaping a sustainable future.
The company pours its expertise into major cleantech tools such as solar energy generation, storage technologies, EV charging, artificial intelligence, machine learning, and data analytics into its innovative ecosystem that helps clean energy stakeholders in the commercial and industrial segment boost business productivity. Employing its advanced AI and machine learning algorithms, enSights’ ecosystem can process up to ten years of customer data in just one week, enabling improved error identification, performance comparisons, and detailed insights into renewable energy assets. The ecosystem further offers recommendations for optimized maintenance cycles, including preventive measures. By harnessing big data, including weather data, the ecosystem generates in-depth site comparisons, providing customers with real-time visibility into their energy asset performance.
The total addressable market (TAM) for clean energy optimization software continues to expand. According to data from IEA and NREL, O&M software spending is projected to grow from $40–$61B in 2023 to $67–$101B by 2027. enSights is now expanding its footprint in the US with a new headquarters in Texas, while continuing to grow both locally and internationally. The company aspires to make a significant global impact in this market, which is expected to reach 6 terawatts of installed PV capacity by 2030.
