Magazine

Last edition
January-February 2025

Home › Investment & Trading ›Prescinto Technologies Marks Its U.S. Market Launch with $6.5M Fundraise

Prescinto Technologies Marks Its U.S. Market Launch with $6.5M Fundraise

Prescinto Technologies announced it had successfully raised $6.5M in financing and launched in the U.S. market with its first U.S.-based client.

September 14, 2022. By News Bureau

Prescinto Technologies announced it had successfully raised $6.5M in financing and launched in the U.S. market with its first U.S.-based client.

The partnership is with a major international energy storage development and manufacturing company and entails real-time data monitoring and analytics of energy storage assets installed by the company, globally.

The news also marks the expansion of Prescinto's technology solutions which already includes management of more than 12 gigawatts of solar and wind energy assets across 14 countries.

As one of the only asset performance management platforms that offer both an improvement in energy generation of up to 7% or more for solar and wind energy projects, as well as optimization for battery energy storage systems (BESS), Prescinto is poised to provide game-changing market impact to the clean energy industry.

As the value of pairing energy storage with clean energy projects continues its exponential growth, ensuring these energy storage systems have reliable, real-time data and analytics is instrumental in optimizing the economics of the project.

“We want to spearhead the digital transformation for clean energy asset owners. This partnership with a global leader in energy storage will be instrumental in opening doors to the energy storage space and our clientele/business in the United States,” said Puneet Singh Jaggi, founder and CEO of Prescinto.

Tags:

Battery Energy Storage System

Clean Energy