Lightsource BP has acquired Ubiworx, an Ireland-based company offering internet of things (IoT) software solutions. The move, according to Lightsource, will strengthen its offering in decentralized energy management, and support the international roll out of its smarthome software solution.
The companies worked closely together over the past two years and according to Lightsource BP, the acquisition will strengthen its digital capability, and bring world class technology, including artificial intelligence and smart control systems to the parent.
The acquisition relates to Lightsource’s smarthome programme, which its developer says has already had a successful launch in the UK, and will now be rolled out internationally.
“Through our acquisition of Ubiworx, we aim to create more connected, intelligent, efficient and sustainable energy systems that will turn ordinary homes into ‘self-learning smart homes’, actively encouraging communities to live more sustainably,” says Kareen Boutonnat, Group Chief Operating Officer for Lightsource.
“Our vision has always been to enable cutting-edge IoT intelligence across the energy sector,” added Ubiworx Co-Founder Mark Burkley. “Merging talent and expertise with Lightsource BP will realise our ambition and enable the company to develop world class smart systems in this fast-moving decentralized energy space.”
The acquisition could signal a move into the residential space for Lightsource, which has historically been more active in the utility-scale sector, and which last month announced a partnership with UK water utility Northumbrian Water for the development of 10 ground mount solar projects.
Since the UK’s PV market slowed towards the end of 2016, Lightsource has looked to diversify, with a move into investment in corporate PPAs and grid connected projects outside the UK predicted. British Petroleum acquired a 43% stake in Lightsource in December 2017.