Zurich-based Nispera provides artificial intelligence (AI) and machine learning-enabled software-as-a-service (SaaS) targeting the renewable energy sector. The company’s advanced technology helps customers monitor, analyze, forecast, and optimize the performance and value of renewable energy assets. Its flagship offering is an AI-driven utility-scale asset performance management platform with 8 GW of assets under management across 450 wind and solar projects globally.
Today, Nispera’s AI and machine learning-enabled software collects and analyzes data from wind, solar, hydro assets and other external sources in more than 25 countries. It uses the data to monitor actual and expected energy production, identify areas of underperformance, detect anomalies with AI-based predictive analytics, automate reporting to customers, improve asset and portfolio uptime, and increase revenue capture.
From Nispera to Fluence
Nearly seven years following its founding, Nispera is being taken over by Fluence, a leading global provider of energy storage products, services and digital applications for renewables and storage. Fluence was launched in 2018 by Siemens and AES and today boasts a presence in 30 global markets. Fluence provides an ecosystem of offerings to drive the clean energy transition. The ecosystem includes modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled digital applications for managing and optimizing renewables and storage from any provider.
In combination with Fluence IQ’s digital application offerings, Nispera’s suite of five applications will enable the combined firm to offer its customers a user-centric ‘manage app’. In addition to its core SaaS product, Nispera’s technology portfolio includes a predictive maintenance app, an operations and maintenance app, and a portfolio management app. The company also offers a fifth application that provides enhanced power generation forecasting services for energy assets that are particularly attractive to energy traders, large asset managers, grid operators, and financial institutions.
All cash buy out of $30 million
Closing of the transaction is expected in Fluence’s fiscal third quarter, subject to customary closing conditions. Following the closing of the transaction, Nispera will maintain its leadership team operating under the Fluence brand name from its headquarters in Zurich, Switzerland. Nispera’s customers will continue to receive the same best-in-class service without interruption as it becomes part of the Fluence ecosystem. Customers will also benefit from future technology investments as part of Fluence’s digital strategy.
The transaction includes an all-cash buyout provision of approximately $30 million for existing private investors in Nispera. In addition to the cash payment, Fluence will also issue restricted stock to Nispera’s management team that vests over three years for retention purposes.