Otovo acquires Sunmapper technology
Danish tech startup Sunmapper sells its technology to fast growing solar platform Otovo.
(Oslo): Otovo has acquired Sunmapper’s Photovoltaic Irradiation and Surface Calculation software - Sunmapper PISC - including IP transfer with perpetual and universal usage rights, for an undisclosed amount.
The technology enables Otovo to ingest 3D surface point clouds generated with laser imaging (LiDAR), satellite imagery and stereographic reconstructed models, returning solar irradiation and individual roof surfaces for PV planning.
Sunmapper's shading simulation identifies buildings and shade from objects and terrain. Coupled with Otovo's cost modelling and installer platform capabilities it makes for a powerful tool to sell rooftop solar systems to private homeowners in a simple way. Illustration: Sunmapper.
Sunmapper’s technology was developed based on research from universities in Australia, USA and China and in cooperation with several Danish municipalities from 2015 onward.
The technology has since been in use on sunmapper.dk, a service where Danes can browse rooftops on every building in the country and get results on how much solar power can be produced there.
- We are always looking for ways to give our customers an easier journey, so we are proud to add these advanced capabilities to our tech stack. With Sunmapper PISC we will be able to give European homeowners the absolutely simplest way to go solar, including really precise results tailored specifically to the shape and shades on their roof, says Simen F. Jørgensen, CPO at Otovo.
Looking to grow
Otovo is a Norway based solar technology and sales platform focused on the residential market in Europe. The company is the leading cross-Scandinavian supplier of rooftop solar systems to homeowners and operates a network of installers across the region. Otovo’s mission is to make every homeowner capable of making and storing her own clean and cheap energy.
- It has always been our vision to simplify the purchase decision in solar for residential households and accelerate the transition towards a more sustainable future. I am proud to hand over the many hours of work we’ve put into our software to a great company like Otovo. With Otovo and their platform, the Sunstyle PISC software will be able to contribute to a substantial number of new solar energy instalments, says Maxim Khomiakov, CEO at Sunmapper.
- At present we cover roughly 8 million buildings in Scandinavia with this technology and available datasets. These figures may very quickly be expanded for global coverage, says Khomiakov.
Otovo was started in 2016 by software entrepreneur Simen Jørgensen, Schibsted executive Andreas Thorsheim, Circle K and Statoil F&R executive Lars Syse Christiansen and the former REC technology director Andreas Bentzen. The company has raised approximately NOK 100m in funding to date in rounds led by Agder Energi Ventures and Akershus Energi.
Andreas Thorsheim, CEO Otovo
Maxim Khomiakov, CEO Sunmapper
About Otovo AS
Otovo puts solar panels on your roof, with no hassle and no up front cost to you. With the company's unique planning software and ecommerce expertise, Otovo calculates how much you can save and how much you can impact the environment by going solar, and tailor a solar panel system to maximize your home's solar resource. Otovo alsp helps to finance the installation with its solar loan providers, creating a low, fixed monthly payment, that compares more and more favorably with electricity prices from the grid, as power gets more expensive. Otovo is also a fully licensed power company, operating a virtual microgrid of solar power makers and regular consumers buying the surplus power. Otovo thus provides users with clean energy at night or in winter, when the panels don't yield enough to cover your consumption. No hassle. No up front cost. Just clean, inexpensive energy.
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