The company was co-founded in 2014 by Deep Chakraborty and Manasij Kar, once batch-mates at IIT Kharagpur two decades earlier in India, teamed-up to build an end-to-end Solar Software Platform that addresses the business productivity and customer engagement needs of the solar industry. Deep had developed a successful solar distribution and financing business in the US for a German Solar company (Centrosolar), and through this stint identified the soft-cost challenges of distributed solar projects. Around the same time, Manasij also developed the South-Asian business for another German Solar company (QCells) reaching similar learnings.
ENACT launched ENVISION in 2017 for the US market: a complete all-in-one proposal software for solar design, utility rate-analysis, pricing and financing analysis, developed through funding from angel investors as well as two grants from the US Department of Energy. ENVISION was later expanded to add a workflow management module for solar projects. In 2019, ENACT launched ENGAGE: a first-of-its-kind App for the End-customer, to manage solar performance and track savings. Solar installers can now offer a complete co-branded App to their customers, powered by ENACT’s unique cloud platform.
With it’s first round of Seed funding in 2018, ENACT expanded its platform into international markets like UAE and India. As of 2021, ENACT has customers in 25+ countries including South East Asia, South Africa and Europe, with over $1B of projects processed on the platform annually.
In 2020, ENACT acquired the assets of ADARA Power, an Energy Storage software and services platform pioneer in the Bay Area, and leveraged their technology to improve ENVISION and ENGAGE to handle both solar and storage assets.
ENACT’s powerful two-sided platform leverages data analytics to improve customer experience and outcomes, in a unique way not possible earlier. Installers using ENACT ENVISION and ENGAGE can share the value of such powerful learnings, gathered from thousands of users globally at their finger-tips. ENACT’s Cloud platform is truly transforming productivity and customer engagement for the renewable energy customers globally, leveraging the power of software and data.