Reliance Industries Limited to acquire majority stake in SenseHawk

SenseHawk is a Solar Digitization Platform (SDP) with customers throughout the solar asset lifecycle in the US, EMEA, APAC, and SEA. SenseHawk offers an SDP SaaS for process optimization, automation, and asset information management.

Reliance Industries has signed definitive agreements to acquire a majority stake in SenseHawk Inc for a total transaction value of USD 32 million, including funding for future growth, commercial rollout of products, and R&D.

Founded in 2018, SenseHawk is an early-stage California-based developer of software-based management tools for the solar energy generation industry. SenseHawk helps accelerate solar projects from planning to production by helping companies streamline processes and use automation.

SenseHawk has helped 140+ customers in 15 countries adopt new technology for their 600+ sites and assets totaling 100+ GW.

SenseHawk’s Solar Digital Platform offers end-to-end management of solar asset lifecycles. Customers see value with SenseHawk in:

Pre-construction evaluation and process optimization: The platform approach enables the unification of multiple processes and data into a single GIS-supported view for dashboarding, land data management, design option management, BOQs, approvals, and more.

Construction management: Combined with the map view, chat, and digital forms, the SDP provides improved communications between project teams enabling early issue detection and onsite resolution, automated progress reports, connects engineering drawings and schemas to components on site, and accelerates processes.

Operations and maintenance: SenseHawk brings all stakeholders to a single interface. Teams work off of the same map-based tasks, with access to all required data mapped to a digital twin, significantly improving new site ramp-up. Customers save time and effort with preventive maintenance schedules, alarm handling and performance visualization.

SenseHawk, along with RIL’s other investments in New Energy, will be synergistic and create unique solutions with higher value to customers.

On Tuesday, the share of Reliance Industries was trading flat, 0.56 per cent up in the initial hour of the trading session.