IBM has announced its acquisition of Prescinto, a software-as-a-service (SaaS) provider for renewable energy asset performance management (APM).

The acquisition will help IBM bolster its Maximo Application Suite (MAS), a comprehensive asset lifecycle management platform, enhancing its capabilities in the renewable energy sector.

Prescinto’s AI-driven APM software enables real-time monitoring, advanced analytics, and automation to optimize the performance of renewable assets such as wind turbines, solar panels, and energy storage systems.

By integrating Prescinto’s AI-driven solutions, IBM MAS will offer enhanced monitoring and management capabilities. This will allow clients to predict and prevent performance issues, reduce downtime, and optimize energy generation.

IBM MAS is currently utilized by a range of energy enterprises globally, including those in water, natural gas, oil, and nuclear power.

The new functionalities will empower clients to monitor solar and wind assets in near real-time, identify inefficiencies, and take proactive steps to optimize performance. For example, AI-based visual recognition can detect dirt accumulation on solar panels and prompt timely cleaning to restore optimal efficiency.

Bengaluru-headquartered Prescinto has developed a portfolio of clients across 14 countries, managing over 16 GW of renewable energy assets. Its APM platform simplifies operations, offering robust data capture, centralized visualization, and actionable AI-driven insights to maximize return on investment.

In 2022, Prescinto raised 6.5 million in financing and entered the U.S. market. The company said it was partnering with a major international energy storage firm for real-time data monitoring.

Prescinto earlier announced the close of $3.5 million in seed round funding. Venture Catalysts led the round, which was participated in by Inflection Point Ventures, Mumbai Angels, and Lets Venture.