| by QBI Solutions

What is the difference between a Physical and Virtual Data Room?

The virtual data room market is growing at a fast pace, a trend that has been evident for one and a half decades. From a 2020 market value of USD 690.59 million, this market is expected to be worth USD 1607.41 million in 2026.

Virtual data rooms are now replacing physical data rooms due to their unique characteristics that fit the modern business environment. If you are wondering how exactly the two technologies compare and which option is preferable, we are about to get into the details.

But first, what is a data room?

A data room is secure storage of privileged data. Privileged data could be employee information, intellectual property, financial information, or strategic information amongst others. Apart from storage, a data room also supports file sharing and transactions.

In a company setup, a data room may also support the storage of important data on mergers & acquisitions and legal proceedings.

Conventionally, physical data rooms were very popular. They were subject to tight surveillance, with only authorized persons allowed access to the place.

Today’s businesses have shifted to online-based data rooms such as the QBI virtual data room – there are many reasons for that change.

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| by QBI Solutions

Script to Follow To Carry Out a Renewable Energy Project and Its Management

Estimates from the International Energy Agency (IEA) indicate that the global renewable electricity capacity will reach 4,800 GW in 2026 and surpass the 2020 capacity by a whopping 60%. Leading in this impressive growth are solar and wind energy technologies.

Renewable energy projects will predictably be a common sight across the globe for some time as the sector seeks to enhance its reliability. Notably and like in any other undertaking, some renewable energy projects run smoothly, while others seem to struggle.

What is the common script that successful project managers follow?

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| by QBI Solutions

Requirements of an Energy Plant

Building and running an energy plant incorrectly can be treacherous and expensive. A poor design, incompetent team members, and generally a poorly established renewable energy plant can be a recipe for the loss of resources. Every time you identify a problem and try to rework it, there are costs attached to it. Lack of compliance can translate to penalties that only affect the bottom line negatively. A lot can happen to an energy plant when requirements are not met.

So, what are the requirements for an energy plant?

Well, an energy plant that has met requirements doesn’t keep the operators on their toes all the time regardless of the asset lifecycle stage. With some effort by the project owner, project manager, and every other stakeholder, that is achievable.
Here are five important requirements to start with.

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| by QBI Solutions

How to Manage a Renewable Energy Company

Renewable energy has taken off. The climate change crisis and the increasing need for sustainability have prompted governments, investors, and users to shift to renewable energy. For that reason, the market has many new entrants as can be deduced from increased investment in the sector – global investments related to the energy transition amounted to $755 billion in 2021.

This growth notwithstanding, guiding a renewable energy company to success remains challenging. There is growing competition and demand from customers is always dynamic. It doesn’t matter whether you are established in the industry or are just a startup; the basic principles of managing a renewable energy company apply.

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