Radiance Renewables Picks Prescinto To Monitor Its Solar Assets

Prescinto has announced that Radiance Renewables has hired them to be their primary monitoring and performance analytics software partner. Radiance is a developer of cost-efficient, renewable energy solutions for commercial, industrial and residential customers.

The Ahmedabad, Gujarat-based Prescinto’s solution to aggregate data from all types of energy sources into one single analytics platform will be helpful in monitoring the solar asset portfolio efficiency of Radiance. It will gather renewable energy data, apply data science models to weed out the underlying issues causing underperformance. Further, they provide ways in which the kinks can be worked out and productivity can be increased. By getting all the project data on their analytics platform, they will Radiance in the overall improvement asset management process. 

Mr. Amit Kumar Mittal, SVP & Head of Operations at Radiance spoke about this new partnership and said, “We have chosen Prescinto to be our Digital Partner for our solar asset portfolio that we intend to expand aggressively in the coming 2-3 years. Prescinto was onboarded after a rigorous selection process that included both national & international players. Prescinto’s advanced analytics tools allow problems to be identified at portfolio, plant & device level. Another distinguishing feature that was in favour of the Prescinto platform was its customized dashboards & reporting tools/technology. Our association with them so far has been seamless & we would continue to partner with them in our growth aspirations.”

Founded in 2018, Mumbai-based Radiance Renewables Private Limited or Radiance, provides renewable energy solutions . Their target is to build 1.5 GW of solar, wind, hybrid or storage capacity in the coming three to five years using a  build-own-operate-transfer (BOOT or OpEx) model. It is a 100% subsidiary of the Green Growth Equity Fund which is an alternative investment fund managed by EverSource Capital.

Puneet Jaggi, Founder and CEO at Prescinto said, “At Prescinto, we believe in unlocking the true potential of people and assets through actionable intelligence using our deep understanding of the Clean Energy domain and technology. While the industry is at the data capture and visualization stage, Prescinto provides actionable intelligence to improve generation and RoI based on advanced analytics and Big Data. Instead of being a cost centre to the CIO, Prescinto acts as a profit centre to the CEO. We are excited to partner with Radiance Renewables and help them in their digital transformation seamlessly.”

Prescinto is an IIoT Platform designed for vendor agnostic connectivity and real-time insights for Solar plants. It claims that in an industry that is still stuck on the data acquisition and visualization stage, it offers more advanced solutions. The company offers a comprehensive suite of services including data acquisition and visualization, advanced analytics, and O&M automation, with a strong pipeline of IPs in the domain. By attaining 3X annual growth reaching 8,000+ MW Solar Plants across 14 countries and backed by an established founding team, the firm is well on its way to being a major player in its segment