BaxEnergy

What BaxEnergy does

BaxEnergy is an Italian-headquartered software company founded in 2010 in Acireale, Sicily, that builds vendor-agnostic digital platforms for renewable energy asset performance management, grid control, and OT cybersecurity. Its product suite comprises Energy Studio Pro® (an on-premise REMS for cross-technology, cross-manufacturer monitoring and remote control), Farsight® (a cloud-native APM platform offered in Free, Pro, and Enterprise tiers with sub-10-minute self-onboarding), AssetStack® (a CMMS for maintenance and contracts management), Ryskore® (an OT-native GRC cybersecurity platform), and Convera™ (a vendor-agnostic Power Plant Controller). The underlying architecture relies on a proprietary Universal Data Engine™ to aggregate SCADA, weather, GIS, and OEM data from wind, solar, hydro, geothermal, combined cycle, BESS, and green hydrogen assets into a unified data model with configurable KPIs, alarm rules, and reporting.

BaxEnergy serves enterprise customers across four primary segments — multi-GW utilities/TSOs/OEMs, independent power producers, investment and pension funds, and EPC contractors — with named reference customers including Cubico, Hynamics, Vibrant Energy, Borusan EnBW, ImWind, and Nareva. Revenue is generated through a hybrid model combining subscription licenses (annual/multi-year, per-MW, per-user, per-data-point), one-time perpetual licenses with optional maintenance, and a freemium entry point that funnels smaller operators into paid tiers. The company has ISO 27001 certification and aligns with NIS2, NERC, and IEC 62443 standards, positioning it for regulated critical-infrastructure buyers.

Since being acquired by Yokogawa Electric Corporation in June 2024, BaxEnergy operates as the core of Yokogawa's Energy & Sustainability division, with Yokogawa subsequently acquiring Intellisync and WiSNAM in October 2025 and integrating both into BaxEnergy to expand cybersecurity and grid-control capabilities. The company maintains offices in Acireale (HQ), San Diego (Americas), Rome, and Hannover, supports customers in 30+ countries, and disclosed a 2026-2028 Industrial Plan targeting approximately €33M in 2028 revenue (~€14M EBITDA) and workforce growth from 140 to 210 employees.

Name

BaxEnergy

Legal name

BaxEnergy Italia SRL

Website

https://baxenergy.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

BaxEnergy provides vendor-agnostic software platforms for renewable energy asset performance management, grid control, and OT cybersecurity, serving multi-GW utilities, IPPs, investment funds, and EPCs across 30+ countries as part of Yokogawa's Energy & Sustainability division.

Ownership category

akta.pro rank

Headquarters

HQ city

Acireale

HQ country

Italy

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Subscription Licenses: Annual subscription-based licensing model for software products including Maintenance and Support Fees. Allows customers to access software with ongoing updates and support.
2. Perpetual Licenses: One-time perpetual license purchase model with optional separate Maintenance and Support Fees. Provides perpetual usage rights subject to license terms.
3. Freemium Platform (Farsight®): Free tier of Farsight® platform enabling market penetration and lead generation, with conversion pathways to Pro and Enterprise paid tiers.
4. Enterprise Software Solutions: Full-service enterprise solutions for asset performance management, grid control, and cybersecurity targeting utilities, IPPs, and investment funds. Revenue stream targets 2028 projections of approximately €33 million.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels9 records

Core offering

BaxEnergy provides vendor-agnostic digital software platforms for renewable energy asset performance management, computerized maintenance management, grid control, and OT cybersecurity. Its core products—Energy Studio Pro® (REMS), Farsight® (cloud APM), AssetStack® (CMMS), Ryskore® (GRC), and Convera™ PPC—enable utilities, IPPs, investment funds, and EPCs to monitor, control, optimize, and secure multi-technology renewable portfolios (wind, solar, hydro, geothermal, BESS, hydrogen) under a single operating layer.

Product overview

BaxEnergy offers an integrated, vendor-agnostic digital platform for the global energy industry. The core portfolio consists of Energy Studio Pro (a REMS for monitoring and remote control of multi-technology, multi-manufacturer renewable portfolios), Farsight (a freemium APM platform offered in Free/Pro/Enterprise tiers with self-onboarding in under 10 minutes), and AssetStack (a CMMS for maintenance management and operational data centralization). Additional modules cover Grid Control (PowerControl, PPC), Cybersecurity (OT security via Intellisync), and Digital Transformation. The platform supports wind, solar, hydro, geothermal, combined cycle, BESS, and green hydrogen assets. New products include Ryskore (OT-native GRC platform) and Convera PPC (vendor-agnostic Power Plant Controller), both launched in 2026.

Differentiator

Problem solved

Functional benefit

Brands

• Energy Studio Pro®: A Renewable Energy Management System (REMS) for the monitoring and remote control of cross-technology and cross-manufacturer renewable energy power plants.
• Farsight®
• AssetStack®
• Ryskore®
• Convera™

Products and services

• Energy Studio Pro® A Renewable Energy Management System (REMS) for monitoring and remote control of cross-technology (wind, solar, hydro, geothermal, combined cycle) and cross-manufacturer renewable energy power plants, with customizable KPIs, alarm rules, reporting, and API/SDK integration for utilities, IPPs, and EPCs.
• Farsight® A freemium cloud-native APM platform for renewable energy management, offered in Free, Pro, and Enterprise tiers, providing real-time monitoring, automated asset discovery, ML-based identification, customizable dashboards, alarm management, analytics, and API access for wind, solar, and hybrid plant operators.
• AssetStack® A Computerized Maintenance Management System (CMMS) that automates workflows and centralizes power plant operational data, activities, contracts, warehouse stock, warranties, and compliance obligations in a single platform for renewable energy operators.
• Ryskore® An OT-native Governance, Risk & Compliance (GRC) platform for industrial operations that enables organizations to move from regulatory compliance to actionable cybersecurity remediation, providing integrated GRC management for operational technology environments in renewable energy and critical infrastructure.
• Convera™ PPC A Power Plant Controller (PPC) solution that provides unified plant-level control logic across any asset type and any vendor, standardizing control of heterogeneous renewable portfolios including solar, wind, and hybrid configurations.
• ROI Calculator An interactive web-based tool enabling energy operators to estimate return on investment for wind farms, solar PV plants, battery storage, and hydrogen energy systems by inputting portfolio parameters and receiving ROI projections.

Quantifiable outcome

• Plant availability improved by +10%
• +7 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability4 records

Feature10 records

Partnerships

Three partnerships are on record, tiered core.

• SolarPower EuropecoreGTM or Marketing Partner · 3 August 2026BaxEnergy became a member of SolarPower Europe, the member-led association for solar energy. Membership supports the convergent era of solar operations and provides platform for industry collaboration and solar market intelligence.
• GridBeyondcoreStrategic or Co-development Partner · 28 January 2025Yokogawa partnered with GridBeyond to offer integrated smart solutions for renewable energy asset operators. This partnership enables combined offerings for demand response, energy optimization, and grid services targeting renewable energy operators seeking advanced grid interaction capabilities.
• WindEuropecoreGTM or Marketing PartnerBaxEnergy joined WindEurope to contribute to the future of wind energy. Membership provides industry visibility, networking opportunities, and participation in wind energy policy discussions and standards development.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Power Factors: Power Factors provides renewable asset performance management software for wind, solar, and BESS operators, directly competing with BaxEnergy's Energy Studio Pro and Farsight in the same utility and IPP customer segment.
• AlsoEnergy: AlsoEnergy delivers asset performance and monitoring software for solar, wind, and storage portfolios targeting commercial and utility-scale customers, overlapping closely with BaxEnergy's REMS and APM offerings.
• GreenPowerMonitor (DNV): GreenPowerMonitor, owned by DNV, offers a renewable energy management platform for monitoring, control, and analytics of wind, solar, and BESS plants, directly competing with BaxEnergy's core REMS/APM stack.

Broad incumbents

• Siemens Smart Infrastructure (Omnivise): Siemens Omnivise and grid management software serve utilities and renewable operators with a broader portfolio spanning SCADA, energy management, and grid control, competing with BaxEnergy's grid control and DERMS functionality from a larger platform.
• Schneider Electric (EcoStruxure): Schneider Electric's EcoStruxure platform offers renewable energy and microgrid management as part of a broader industrial software portfolio, overlapping with BaxEnergy's DERMS, CMMS, and cybersecurity offerings for utility customers.
• ABB Ability (Asset Suite / e-Mesh): ABB's Ability portfolio includes renewable energy management, DERMS, and grid automation solutions that compete with BaxEnergy's grid control and APM modules, particularly with utility and TSO customers.
• Hitachi Energy: Hitachi Energy offers renewable energy management, ADMS, and grid control solutions as part of its broader T&D portfolio, overlapping with BaxEnergy's PowerControl and Convera PPC capabilities for utility customers.
• GE Vernova (GridOS / Renewables): GE Vernova provides renewable energy asset management, grid orchestration, and digital wind farm solutions as part of its broader power and grid portfolio, competing with BaxEnergy's enterprise platforms at multi-GW utilities.

Emerging players

• AVEVA (formerly OSIsoft): AVEVA's PI System and industrial analytics platform underpins many renewable energy monitoring stacks, providing time-series data infrastructure that competes with BaxEnergy's Universal Data Engine and analytics layer.
• Uplight: Uplight provides energy management and optimization software for utilities and renewable asset operators, with partial overlap to BaxEnergy's portfolio management and ESG/reporting capabilities for IPP and utility customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Customer concentration

• YouTubeyoutube.com/@baxenergy
• Facebookfacebook.com/BaxEnergy
• LinkedInlinkedin.com/company/baxenergy

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BaxEnergy