SparkCognition Acquires Ensemble Energy to Use Artificial Intelligence to Accelerate Renewable Energy Growth

Ensemble Energy, a leading provider of software products and services for the renewable energy industry, has been acquired by SparkCognition, a leading artificial intelligence (AI) company. SparkCognition will have the world's first AI-enabled asset management platform for clean energy as a result of this acquisition, assisting the industry in the transformation to renewables by lowering prices and increasing energy production.

SparkCognition is determined to enhance the energy sector's sustainability by using artificial intelligence (AI) to increase operational and production performance while reducing downtime and unexpected failures. Ensemble Energy brings together deep renewable energy domain experience with the latest cloud computing and data analytics technology. SparkCognition now offers a way to help energy companies minimize environmental impact by combining Ensemble Energy's technology and domain expertise with SparkCognition's AI platform.

In every facet of our society, enabling sustainability through the production, storage, and use of renewable energy has become the key to addressing the existential challenge of climate change. According to BloombergNEF, over $2 trillion has been invested in renewable energy capacity development by companies and governments around the world over the last decade, resulting in the addition of over 1,200 GW of capacity. Solar and wind energy are responsible for over 90% of the power. Significant additional investments will be needed in the coming decades to reach a net zero-carbon energy sector, as demonstrated by national commitments recently made at the US-led Leaders Summit for Climate.

The acquisition of Ensemble Energy by SparkCognition will help the energy industry adopt AI faster by providing differentiated domain expertise and an asset management tool that uses both data- and physics-based proprietary algorithms. SparkCognition's renewable energy asset management tools can help producers maximize revenue and reduce avoidable costs as the optimization of operating and maintenance costs becomes an increasingly critical part of optimizing project bankability. Operators of all sizes and levels of digital transformation can use this solution. The company will first support wind and solar energy producers before expanding into energy storage, hydroelectric power, and green hydrogen.

About SparkCognition

With proven artificial intelligence (AI) systems, award-winning machine learning technology, and a global team of AI thought leaders, SparkCognition stimulates sustainable growth for their clients around the world. SparkCognition helps companies understand their industry's most important issues, analyze complex data, empower decision-making, and transform human and industrial efficiency. Our goal is to provide flexible AI solutions that address the most pressing issues. We work with organizations to help them minimize their environmental impact, resulting in a climate that is safer, smarter, and more sustainable.