enSights is an Israeli startup that offers a clean energy optimization and management platform. The firm raised $10 million in a Series A funding round co-led by venture capital firms JAL Ventures and XT VC. With over 6,000 clean energy assets managed on its platform, enSights aims to capitalize on the growing demand for clean energy optimization software, projected to increase to $67-101 billion by 2027.
The rapid growth of the clean energy market is driving a surge in demand for sophisticated optimization and management software. IEA and NREL data forecasts a significant uptick in O&M software spending, from $40-$61B in 2023 to $67-$101B by 2027.
Founded as Solarview in 2021 by Alon Mashkovich, CEO, Dekel Yaacov, CTO and Roy Fadida, CPO, enSights developed a 360-degree, AI-powered energy optimization and management platform that scales business operations while maximizing the financial and energy performance of renewable assets. Since its inception, enSights became its local market leader in the distributed generation segment and expanded into the European market in 2022. With hundreds of active users managing more than 1.6 GWp on enSights’ platform, it’s automation and smart workflows currently help optimize the daily operations of over 6,000 clean energy assets.
EnSights’ SaaS technology has created a cutting-edge centralized monitoring and asset management platform, revolutionizing renewable energy management management. enSights harnesses the power of AI and ML to unlock the full potential of renewable energy assets. By providing real-time insights into operations, maintenance, and financials, we empower businesses to optimize performance and maximize returns.”
“Seeing that over 70% of PV assets do not meet their forecasted output, losing thousands of dollars every day, it was clear that the market was in dire need of a sophisticated yet simple-to-use energy optimization platform. Our extensive conversations with clean energy stakeholders reinforce that asset owners and managers are searching for a next-generation solution to help scale their portfolios, streamline operations, and address increasingly complex energy needs,” stated Alon Mashkovich, Co-Founder and CEO of enSights. “This latest investment is yet another vote of confidence that enSights has an upward trajectory in a global market that is forecasted to grow to six TWs of installed capacity by 2030.”
