BayWa r.e. has bolstered its data services capabilities by acquiring software platforms and information science teams from German company Kaiserwetter.
The renewables developer has acquired Kaiserwetter’s IoT, Asset Intelligence, and Data Science divisions and their ARISTOTELES and IRIS software platforms.
IRIS, meanwhile, is called an intelligent data analytics system, providing reports and insights for due diligence, asset performance, and new revenue identification. It implements technical analytics of solar PV plants beginning at 10kWp up to large-scale projects.
BayWa r.e. described the acquisition as “continuing to push the envelope of asset intelligence for the renewable energy industry”.
“This acquisition is another important landmark on the digital transformation of renewable energy operations. Combining ARISTOTELES and IRIS with BayWa r.e.’s resources, our current expertise and solutions into a seamless platform will empower efficiency, transparency, and value for asset owners and managers globally.”
Tobias Bittkau, BayWa r.e. Global Director of Services.
Having started an energy technology division in 2018 to fund start-ups working on new technology solutions, BayWa r.e. a year later proceeded to buy Toronto-based PowerHub, which offers asset management software to investors and owners of renewable projects, in addition to operation and maintenance providers.
BayWa r.e. has to date brought 3.5GW of electricity online and today manages over 9GW of energy capacity in 22 countries worldwide, including in Europe and the Middle East, Asia Pacific, and the Americas.
