Centrica Acquires Panoramic Power For $60M

November 15, 2015 | Israeli energy company Panoramic Power has been acquired by British utility Centrica for $60 million. The acquisition builds upon an existing partnership between Panoramic Power and Centrica’s US unit, Direct Energy, which began in June 2014. Founded in 2009 by Chairman Dr. David Almagor and COO/CTO Adi Shamir, Panoramic Power’s energy management solution offers industrial and commercial customers wireless and self-powered circuit-level technology with cloud-based analytics. Led by CEO Yaniv Vardi, Panoramic’s investors include Greylock Partners, Israel Cleantech Ventures Funds, Clal Energy, and Qualcomm Ventures.