Xfloat

Company Overview

Snapshot

Founded in December 2017 by Ran Alcalay and Avi Alcalay, Xfloat operates with 11–50 employees. The company has raised $3.93M across three funding rounds. In March 2023, Xfloat received an investment from E44 Ventures.

Business overview

Xfloat develops AI-powered floating photovoltaic systems designed to enhance the efficiency and cost-effectiveness of solar projects. The company's core technology involves a water management system that controls solar panel tilting and tracking through water loads and pumps, utilizing buoyancy tanks for panel rotation without motors or hydraulics. This system integrates sensor data with machine learning to optimize photovoltaic performance and maintenance planning. Xfloat targets industrial plants and private consumers, enabling the effective utilization of solar energy on water surfaces within the Energy Tech sector.

Strategic signal

In September 2023, Teralight completed Israel's largest floating PV project, which likely utilized Xfloat's technology. This event signals growing market adoption and validation for Xfloat's innovative floating solar solutions, demonstrating their potential to scale and contribute significantly to renewable energy infrastructure.

Company Intelligence Q&A

What is Xfloat's core technology?

Xfloat's core technology is an AI-powered water management system that controls solar panel tilting and tracking using water loads and pumps, combined with machine learning for enhanced photovoltaic performance.

When was Xfloat founded and by whom?

Xfloat was founded in December 2017 by Ran Alcalay and Avi Alcalay.

What significant project was completed in September 2023 involving floating PV?

In September 2023, Teralight completed Israel's largest floating PV project.