PVCase raises US$100 million in latest funding round

Facebook
Twitter
LinkedIn
Reddit
Email
An Ignitis Group solar project in Lithuania. Credit: Ignitis Group

Lithuanian solar software developer PVCase has closed its latest funding round, raising US$100 million from investors Highland Europe, Energize and Elephant.

The close of the latest funding round brings total external investment in the company to US$123 million. While PVCase did not specify how the funds would be used, it is likely a portion will go towards tackling what it calls the “data risk” of the solar industry, where the rapid growth of solar projects and installations is faster than the rate of software innovations to effectively manage these projects.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

In response, PVCase works to standardise data sets collected by would-be solar developers during the planning stages of their projects, so that data can be shared and managed more efficiently between the various stakeholders of a project. The company also offers modelling and predictive software, to assess the effectiveness of various configurations of solar panels across ground- and rooftop-mounted projects.

The potential impacts of the sector’s inability to collect data, and use it to effectively manage solar projects, have been evident in recent weeks as heatwaves and wildfires swept across North America. More accurate and accessible data on changing climatic conditions, for instance, would enable solar power managers to better operate their facilities during such extreme conditions, and improving access to data across the solar sector could enable managers to deliver more consistent and reliable operations.

“Good, streamlined data across the design and construction lifecycle is the fuel we need to keep the renewable energy transition moving toward a cleaner future,” said Irena Goldenberg, a partner at London-based investor Highland Europe, discussing the group’s investment into PVCase. “We need to advance solar operations fully into the digital age by reducing data risk.”

The news follows PVCase’s acquisition of US-based siting company Anderson Optimization, which manages a number of databases on potential solar sites in the US, to allow would-be solar developers to select the best sites for their proposed projects.

PVCase plans to bring this system to Europe, rapidly accelerating the design and permitting process for developers, claiming that companies would be able to reduce their project design process from weeks to “roughly 20 minutes”.

As is often the case with new technological innovations, much of the success of PVCase will be dependent on the extent to which its services are adopted by the wider solar industry. For PVCase in particular, it remains to be seen how effectively the company will be able to deploy a system designed for use in the US within Europe.

Read Next

July 1, 2025
Spanish independent power producer (IPP) Zelestra has secured financing and reached financial close for its 220MW solar-plus-storage plant in Chile.
July 1, 2025
Independent power producer (IPP) Arevon Energy has closed a US$600 million credit facility to support its solar PV and energy storage portfolio in the US.
Premium
June 30, 2025
Solargis CEO Marcel Suri explores three areas where new standards could help underpin greater efficiency, accuracy and market resilience.
June 17, 2025
Blue Elephant Energy has received a €200 million (US$214 million) investment from European asset management company Infranity.
June 16, 2025
US solar residential installer Sunnova has received court approval for a US$90 million debtor-in-possession financing agreement.
June 12, 2025
Earthrise Energy has secured US$630 million for its 270MWac solar project in Gibson City Solar, Illinois.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA