ReNew Power, India’s largest renewable energy company, has signed a definitive agreement to acquire Regent Climate Connect Knowledge Solutions Private Limited (‘Climate Connect’). Climate Connect will operate as an independent subsidiary, including maintaining independent commercial agreements with its customers. The team, IT systems and platforms, data integrity, and business development activities will also continue to operate separately.
The acquisition gives ReNew access to Climate Connect’s full suite of market-leading energy-AI management services, ML-software development, and unique blend of power sector knowledge. ReNew is not only adding to its own digital development capabilities, but also gaining a new range of AI-and-ML product offerings for customers across the energy value chain. (Read more)
Indo-Dutch energy-AI startup Climate Connect Technologies is restructuring its India and global businesses, following a successful 2019 and growing customer traction. Current CTO, Sanand Sule, will shortly move into the India CEO role, reflecting the strategic direction the company is taking, and need for tighter alignment of its technology and business functions.
“We have commercially deployed our AI-tech stack in the power sector and have received excellent responses from our customers. We currently serve some of the top companies involved in power distribution and renewable energy generation in India...” (Read more)