ReNew Power to acquire AI startup Climate Connect
NEW DELHI: Clean energy firm ReNew Power on Thursday said it has inked a definitive agreement to acquire artificial intelligence and machine learning startup Climate Connect.
The acquisition will give ReNew Power access to energy management services.
“ReNew Power has signed a definitive agreement to acquire Regent Climate Connect Knowledge Solutions Private Ltd (“Climate Connect”); a digital -analytics, software development, Artificial Intelligence (AI), and Machine Learning company, specialising in the power markets domain in India,” ReNew Power said in a statement.
ReNew’s acquisition of Climate Connect is expected to not only add to its digital capabilities but also allow it to offer a suite of digital product offerings to customers across the energy value chain, it added.
