Project to create breakthrough market-based energy resource management and trading solution

FSIGHT Energy and SOLARIA Awarded BIRD Grant for Joint Development of Blockchain Energy Solution

Project to create breakthrough market-based energy resource management and trading solution

FEB. 28, 2019 - The Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation has awarded FSIGHT Energy Ltd. of Tel Aviv, Israel, and Solaria Corporation of Oakland, California, a grant for the purpose of jointly developing capabilities in Distributed Energy Resource (DER) management and energy trading. The two companies will develop a combined hardware and software solution for households, businesses, and microgrids that optimizes and manages energy consumption, storage, and trading. Project development, to include solar panels, smart storage devices, and software, starts in Q1 2019 and is expected to be completed by early 2021.

Solaria, a provider of high-efficiency rooftop photovoltaic (PV) platforms, will provide the hardware components, including solar panels, power inverters, and storage devices. Solaria's systems technology is based on its flagship PowerXT® is a high-performance Pure Black™ solar panel - a sleek and attractive option for property owners interested in transforming their rooftops into onsite power plants.

FSIGHT, an innovator in AI and big data for the utility sector, will provide the energy management software based on its advanced Energy AI product suite. Energy AI modules automatically determine the best energy utilization strategies in terms of service and cost and allow end users to achieve fully-automated energy management and trading using Blockchain technology for financial transactions, either peer-to-peer or peer-to-grid.

"A core value shared by FSIGHT and Solaria is the global promotion of green, sustainable energy production and end user trading," said FSIGHT CEO Emek Sadot. "This is materialized through DER elements which drives grid efficiency and cost saving."

"In the future, a passive connection to the grid won't be good enough for solar-electric systems," said Solaria CEO Suvi Sharma. "Active coordination with other systems and connections to trading markets will become vital capabilities. I'm tremendously excited to be working with FSIGHT to usher in a new era of advanced capabilities for smaller-than-utility-scale solar generation systems." As part of this strategic collaboration, Solaria will participate in a pilot program with FSIGHT at Kibuts Maale Gilboa in Israel - a renewable energy based community that is attracting global attention.

About Solaria
Solaria Corporation is a solar technology company that is paving the way for distributed, clean power generation through optimized solutions for a range of applications. Leveraging its proven core technology, field performance and sophisticated automation, Solaria delivers solutions that address a unique set of requirements for residential and commercial solar markets. Solaria headquarters are in California. For more information, please visit www.solaria.com.

About FSIGHT
FSIGHT was founded in 2015 in Tel Aviv in the field of AI and big data algorithms for the utilities sector. FSIGHT started marketing its Energy AI platform for energy optimization and P2P trading in 2017, and now has blue-chip customers in Israel, Turkey, Austria and Hungary, with additional sales activities in France, Scandinavia and Germany.

Contact: Susan DeVico sdevico@solaria.com +1 415 235-8758