Smart energy management company SolarEdge is acquiring Hark Systems, a vendor of industrial Internet of Things technology and energy analytics to improve energy efficiency, reduce waste, and maximize power generation while lowering costs.
"Hark's cloud and edge technology securely streams data from entire estates at an asset-specific level and analyses that data in real time, providing actionable information for Energy Managers and Asset Operators," the press release from SolarEdge mentioned.
Cloud and edge technology means a combination of centralized systems that run software on behalf of customers as well as computing present in local devices that can perform processing tasks without everything needed to travel over networks to and from the cloud system.
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