Reliance Industries acquires majority stake in SenseHawk

SenseHawk has announced that Reliance Industries Limited (RIL) is acquiring a majority stake in the company through an investment of $32 million towards future growth, commercial rollout of products and R&D. RIL plans to use the SenseHawk Solar Digitization Platform (SDP) to roll out its plan to develop 100 GW by 2030.

The SenseHawk SDP is an end-to-end platform that enables intelligent action to manage and optimize the entire solar asset lifecycle. It has already helped 100+ customers in over 20 countries to streamline processes, enhance asset performance and improve team productivity.

“In collaboration with SenseHawk, we will drive down costs, enhance productivity and improve on-time performance to deliver the lowest LCoE for solar projects globally and make solar energy the go-to source of power in lockstep with our vision for solar energy,” said RIL chairman Mukesh D. Ambani.

Digitization is fast becoming a way to enhance the value gained from solar assets. Built around the proprietary Asset Information Model, the SDP integrates geospatial data, sensor data from drones, SCADA and other systems and workflows to create a single source of truth for all stakeholders. Using a simple interface, stakeholders can get complete oversight of their projects. They can visualize sites on a map, zoom in to get component-level details and work items, or access comprehensive reports using the customizable dashboard view. With all required information in one place, they can remotely monitor and manage sites, never missing a thing.

“We are delighted with the confidence that RIL has demonstrated in us with this investment,” said SenseHawk CEO and Co-Founder, Swarup Mavanoor. “The team foresees strategic value in working with RIL, as one of the largest global infrastructure corporations, and looks forward to this next phase in our growth.”

News item from SenseHawk

<!–
–>
Original Source: https://www.solarpowerworldonline.com/2022/09/reliance-industries-acquires-majority-stake-sensehawk/