Okovate Sustainable Energy, an agrivoltaic project developer, has announced the acquisition of assets from Fundusol, a modeling platform born out of Stanford University and Carnegie Mellon.
Backed by the Schmidt Family Foundation, Okovate develops energy solutions for the agricultural sector. The acquisition is expected to help the company move beyond conventional project development and position itself as a technical data partner for the agricultural community.
By integrating Fundusol’s proprietary modeling engine, a technology stack that simulates the complex interactions between solar array design and crop phenology, directly into its development pipeline.
“By acquiring the Fundusol platform, Okovate is delivering on its mission to make agrivoltaics a reliable, data-driven reality for the American farmer,” said Miles Braxton, CEO of Okovate. “We are building predictive AI tools on top of this genomic modeling engine to translate complex solar engineering into actionable insights for rural farmers. This ensures that we aren’t just building energy projects; we are providing the data-driven clarity needed to strengthen the economic fabric of our farming communities.”
As per the company, after the acquisition, it plans to offer Genomic Optimization, which uses a custom, in-house genetic algorithm to determine solar array configurations. Precision Phenology Insights and Data Visualization, which utilize modeling, 3D representations, and digital twins to visualize farm layouts prior to construction.
According to Mercom’s 9M and Q3 2025 Solar Funding and M&A report, 76 solar M&A transactions were executed compared to 62 in 9M 2024. The largest transaction was by ONGC NTPC Green, a joint venture between ONGC Green and NTPC Green Energy, which signed a share purchase agreement to acquire a 100% equity stake in the Indian utility-scale renewable energy platform, Ayana Renewable Power, for $2.3 billion.
In November, Dispatch Energy, a provider of distributed energy solutions, fully acquired Green Lantern Solar, an integrated provider, developer, owner, and operator of solar photovoltaic assets.
