Written by Wu Mingzhe

PVcase, the software-as-a-service company specializing in solar project design, has recently announced a significant joint investment of $100 million, bringing its total funding to over $123 million. Highland Europe, Energize, and existing investor Elephant have all participated in this round of funding, demonstrating their confidence in PVcase’s ability to reshape the solar engineering industry.

Despite considerable investments in the solar market, the industry has been struggling with the lack of digitization necessary to keep pace with growing demand. PVcase has recognized this pressing need and is revolutionizing solar project design by introducing speed, efficiency, and precision, while simultaneously addressing the industry’s data risk challenges.

The rise of utility-scale solar globally has resulted in a shortage of qualified designers and engineers, leading developers to rely on software automation for various design and ongoing operational tasks. However, the data sources for this software, particularly in Europe, primarily exist in older formats such as PDFs and hard copy records. Compounding the issue, most solar software platforms were developed independently of one another, designed to automate only specific tasks.

Consequently, developers are compelled to make use of up to 70 different data sets, often requiring manual matching of data fields when transitioning from one software platform to another. This cumbersome and time-consuming process inevitably compromises data quality, increasing the risk associated with solar project data.

PVcase understands the gravity of the situation and aims to streamline every step of the design and operations process through its comprehensive, all-in-one platform. This recent investment follows PVcase’s acquisition of solar siting firm Anderson Optimization, allowing for seamless data integration between the two platforms with just a few mouse clicks. This integration brings forth a host of benefits, the most significant being the assurance that developers can focus their valuable time and resources solely on viable sites, as stated by PVcase CEO David Trainavicius.

Peter Fallon, General Partner at Elephant, emphasized the importance of software and data inputs in utility-scale solar design and construction. He affirms that PVcase is at the forefront of building an end-to-end solution in this category, empowering customers to design and develop scalable solar projects more effectively.

The infusion of $100 million in investment further solidifies PVcase’s momentum and affirms its ability to address the ongoing challenges within the solar industry. PVcase is dedicated to not only digitizing solar project design but also revolutionizing data management, mitigating data risk, and setting industry standards.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.