ACCURANT INTERNATIONAL ACQUIRES SENTIENT ENERGY, A BUSINESS UNIT OF KOCH ENGINEERED SOLUTIONS
Bainbridge Island, WA – April 11, 2024 – Accurant International, LLC, today announced it has signed a definitive agreement with Koch Engineered Solutions (KES) to acquire Sentient Energy, a business unit of KES. Sentient Energy, a leader in electric distribution grid transformation, provides intelligent line sensors and analytics software for fault & predictive failure detection, outage prevention, wildfire prevention and for safe and reliable power delivery.
“The acquisition of Sentient Energy is an important investment for Accurant in Grid Modernization and Net Zero technologies and fits well in our Net Zero Alliance eco-system of companies.” said Bahman Hoveida, President of Accurant International. “We believe the complementary capabilities of Sentient Energy and Accurant, along with our other Alliance companies, will help utilities embarking on the new Energy Transition journey and those challenged with tremendous growth of renewable energy sources and Electric Vehicle proliferation on their already stressed distribution infrastructure. Our mutual passion for serving utility customers with outstanding technical solutions and customer service will not only aid the utility industry, but also will help scale Sentient Energy.”
Due to growing energy usage by residential and commercial customers, the current electric distribution grid system is increasingly under stress. Aging infrastructure combined with an increase in distributed generation, such as rooftop solar, further penetration of electric vehicles, and the advent of microgrids, are making it more challenging for owners and operators of electric distribution grids to operate safely and reliably. The need to have better insights into the distribution grid has never been greater.
Sentient Energy’s predictive analytics software, enabled by its robust grid sensors, allows electric utilities to significantly improve grid safety and reliability, lower grid management costs, extend the useful life of existing infrastructure, and prepare the grid for the increasing growth in distributed energy resources. Sentient Energy’s Grid Analytics System is unique in that it covers the entire distribution grid – overhead, lateral, and underground circuits.
Over $7 trillion is expected to be invested in electric transmission and distribution infrastructure through 2040, and currently only 1% of North America’s six million miles of power distribution lines are covered by intelligent sensors. Sentient Energy’s solutions are crucial in revolutionizing the current distribution grid infrastructure and transforming them to an intelligent electric grid that will deliver reliable energy to consumers while preventing equipment failure, minimizing outages, improving restoration times, and avoiding potential wildfires in fire prone areas.
“Accurant’s partnership with Sentient Energy will help us expand our markets and reach additional utility customers domestically and internationally. Accurant’s commitment to serving utility customers and their proven track record of building world-class technology companies will help us excel in our quest to meet the distribution grid needs of today and tomorrow. The Sentient Energy team is excited to work with Accurant and be part of the exciting journey forward,” said Bob Karschnia, President of Sentient Energy.
About Accurant International
Accurant International (www.accurantllc.com) is a technology consulting and capital investment firm, with emphasis on investing in technology companies in energy, power, and climate-tech, including renewable energy and grid operations. Accurant helps its portfolio companies to meet their mission goals by advising them in various areas including business development & sales, business operations, product planning, grid modernization, renewables management, EV management, and other Net Zero energy and efficiency technologies.
For more information visit http://www.accurantllc.com or follow Accurant on LinkedIn Accurant International.
About Sentient Energy
Sentient Energy offers sensing hardware and software solutions which make power delivery safe, reliable, and ready for the energy transition. The company provides the industry’s only AI powered Grid Analytics System that can span the entire distribution network with quickly deployable intelligent sensors and analytics that identify and analyze potential faults and other grid events.
Sentient Energy leads the market with the largest mesh network line sensor deployments in North America, and partnerships with leading utility network providers including Itron, Landis + Gyr, AT&T, Verizon, Telus, and Bell Canada.
For more information visit www.sentientenergy.com.
About Koch Engineered Solutions
Koch Engineered Solutions is a global industrial solutions partner, encompassing a diverse network of specialized businesses, each leaders in their respective fields. We deliver tailored solutions to optimize performance and drive ongoing progress across the industrial spectrum including mass transfer; combustion and emissions controls; process technology development and licensing; full engineering, procurement and construction; asset integrity; utility-scale solar and energy storage. Backed by the resources and knowledge of Koch Industries, we foster a culture of collaboration, where expertise across various domains converges to solve our customers’ challenges.
For more information visit KochEngineeredSolutions.com.
ACCURANT INTERNATIONAL Media Contact
Mimi Nelson
Mimi.Nelson@AccurantIlc.com
SENTIENT ENERGY Media Contact
info@sentient-energy.com
