Fluence to acquire energy SaaS provider Nispersa

Storage provider Fluence anticipates the deal to broaden its digital offerings and global project portfolio.

Zurich based Nispera is a provider of artificial intelligence and machine learning-enabled software-as-a-service (SaaS) targeting the renewable energy sector.

The company’s technology is designed to help customers monitor, analyse, forecast and optimise the performance and value of renewable energy assets. Its flagship offering is an AI-driven utility-scale asset performance management platform that currently has 8GW of assets under management across 450 wind and solar projects in more than 25 countries.

In combination with Fluence IQ’s digital application offerings, Nispera’s suite of five applications will enable the combined company to offer “a user-centric ‘manage app’,” a statement reads.

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In addition to the core SaaS product, Nispera’s technology portfolio includes a predictive maintenance app, an operations and maintenance app and a portfolio management app.

The fifth application provides enhanced power generation forecasting services for energy assets.

“Nispera accelerates our plan to grow our existing digital capabilities,” said Fluence Chief Digital Officer Seyed Madaeni.

“As we build a comprehensive digital product suite for customers to better understand, control, dispatch, optimise and maintain their renewable energy and storage assets, Nispera’s use of machine learning and AI will be highly complementary to the advanced applications already being developed at Fluence.

“Nispera’s cutting edge technology will also support the broader Fluence ecosystem of energy storage products, services and digital applications.”

The deal with a value of $30.8 million is expected to close in Q3 of 2022.

With its conclusion, it will increase Fluence’s digital portfolio to a total of 15GW of renewable energy and energy storage facilities contracted or under management and expand its presence in North America, Africa and Oceania.

Nispera will maintain its leadership team operating under the Fluence brand name from its Zurich headquarters.