IBM has acquired Prescinto, a Bangalore-based provider of asset performance management (APM) software-as-a-service (SaaS) for renewables. Prescinto uses AI to enable advanced monitoring, analytics, and automation to streamline renewable energy operations and manage clean energy and storage assets.
Prescinto is expected to enhance the capabilities of IBM Maximo Application Suite (MAS), IBM’s solution for asset lifecycle management. The acquisition will also equip IBM to support clients’ sustainability initiatives and net-zero goals, allow users to track and monitor the performance of solar, wind and energy storage assets in near real-time; identify root causes for underperformance; and recommend actions to optimize generation.
Prescinto was founded in 2016 and services customers across 14 countries with 16 GW under management.
