Renewable energy solutions are evolving at a rapid pace. Companies around the globe are recognizing the importance of investing in sustainable technologies such as solar digital twin, digital twin enabled analytics engine, digital twin based IoT platform to navigate future environmental and economic realities. According to a report by the International Energy Agency, global investment in digital electricity infrastructure and software has increased by over 31% annually since 2018. New wind, solar, and energy storage technologies have all played a large part in this growth – with a significant chunk coming from the Solar sector.
This blog is in continuation with our previous blog titled ‘Digitization of the Solar Photovoltaic Energy Industry ’ and focuses on the advent of importance of solar energy data analysis or solar data analysis in the solar sector. The blog also focuses on ApolloTM’s features and how our solar digital twin enabled energy analytics solution fits with the growing needs of the solar space.
Why data analysis of solar energy is important
When it comes to digitization, next-gen data analytics solutions on solar data analysis can play a massive role in improving solar photovoltaic power plant operations and performance.
Using a data-driven approach, these solutions can solve complex business problems and improve system efficiency – with the promise of building a sustainable future. Using modern Machine Learning, AI, and solar digital twin technology, organizations can conduct efficient solar energy monitoring and solar energy data analysis to benefit from valuable insights for decision-making.
With the advent of analytics, we have developed ApolloTM – an energy analytics solution for the Solar Industry. Apollo™ is a suite of enterprise applications specifically designed to generate actionable closed-loop insights for the renewable energy industry. The applications enable all the ecosystem’s stakeholders to improve productivity in the O&M & asset management empowered by our patented digital twin technology & industry-leading IoT technology to solve business-critical and complex problems. Features of ApolloTM are:
- Easily keep a stock of latest operating components post commissioning of the plant and their SLA’s. This helps the stakeholders identify aging assets which are closing on their warranty period and replace them with new ones.
- Carry out end-to-end Portfolio Management by keeping track of operations of multiple plants across locations and receive high-level performance, financials, and environmental KPIs.
- Conduct Health Analysis of solar grids and get insight into asset health, key health indicators, and OEM device efficiency degradation and cognitive age.
- Enable efficient Forecasting of demand by predicting power requirements while analyzing deviations and correcting them in time.
- Carry out machine learning-based Predictive Maintenance and asset health degradation assessment and optimizing the soiling levels.
- Get real-time Operation Insights about plant performance, system energy losses, and analyze actual vs. designed performance benchmarks.
- Enable Event Management by receiving real-time key events and updates and receive operational, financial, and environmental insights to optimize plant operations and power generation and reduce revenue loss.
- Conduct Energy Loss Analysis, and benchmark it against predicted and designed losses by conducting data analysis of solar energy.
- Enable Smart Metering using IoT for automatic meter reading, invoicing, and receivables. Companies can also enable automated component replacement and its inventory management because the ageing plants undergo through engineering re-design.
- Enable Failure Analysis using real-time failure notifications and conduct root cause analysis to build workarounds.
Keep pace with energy demands
With the energy sector struggling to achieve transparency into plant asset health and performance, digitization can make better use of existing grid infrastructure, reduce the need for back-up capacity, and drastically reduce reliance on renewable sources of energy. It can enable companies to make decisions based on hard evidence of data analysis of solar energy of their plants while being prepared for asset downtime and missed SLAs. In addition, it can more easily connect digital assets, provide real-time visibility into asset performance, and optimize asset utilization using solar digital twin.
In reality, the more digital technology is integrated into a solar photovoltaic grid for solar energy analysis, the more easily the energy demands of the world can be met. Are you ready for digitizing your solar grid using our patented solar digital twin technology? Contact us today!
