The global energy demand is set to rise by 4.6% this year, according to an assessment by the International Energy Agency (IEA). Many countries have committed to increasing their share of renewable energy and have already set targets. There are positive results in most cases, especially for solar and wind.
To maximize this opportunity, solar and wind asset investors have to sustain a complex line of assets for high production. Output can reduce significantly if the operators have to wait for components and systems to fail before attending to them.
To help address this need, QBI Solutions has developed cloud-based data solutions for renewables that enhance predictive maintenance for optimum asset performance. It is one that every RE asset owner and operator should try. We are excited to discuss the applicability of these solutions in this post.
Basic Requirements Usually Available
Many renewable energy companies own asset monitoring systems that amass lots of data. Unfortunately, their teams are unaware of how they can utilize this data effectively. Short of clear signals about when a portfolio is suddenly failing, and data to help determine the best course of action, technicians find it hard to detect issues before they escalate.
Some asset managers are worried about the security of their assets when in the cloud, and they have genuine reasons. A complete understanding of data location is essential. When crafting agreements with providers of cloud-based data solutions, documentation is important. How good are the cyber security programs? Where does the provider store the data? Such issues should be well captured in the agreement.
Asset managers and owners should also solve internal security concerns. Considering the level of cybercrime emanating from offices, it is important to train employees and test the local network.
All these and other basic requirements of switching to a cloud-based data solution are within reach for most renewable energy portfolio firms. To assist owners and asset managers with renewable energy projects challenges, QBI Solutions developed a cloud-based method. The tool is a result of extensive field experience and intricate analytics. It gives deep insight into asset performance and failure.
As our customer success stories show, this concept is beneficial in many ways including the following:
1. Improved Collaboration
Software and infrastructure solutions are awesome, but the need for people to run them remains. As ever, two heads are better than, so collaboration is crucial. Cloud improves collaboration by removing barriers. A good example is how cloud-based solutions enable RE team members to work from remotely different places. They can do so concurrently, sharing files and enjoying a wide range of user management features. From our interactions with customers, it is clear that simple things like sharing documents or setting up meetings are no longer time-consuming and difficult thanks to the QBI Solutions platform.
2. Enhanced Predictive Maintenance
The ability to send information via the cloud can be applied in predictive maintenance for more effective RE portfolio management. For example, if a technician is checking a certain asset and discovers something wrong that needs instant attention; cloud-based data solutions offer him many options. He could use his internet-connected gadget to send an alert to engineers. He could also send the information through email or phone text to the team leader for action.
This real-time asset monitoring capability enhances operational efficiency and adds transparency to the organization. The same setup could be used to identify new patterns in equipment failures and other aspects of operation so that predictions can be even more accurate in the future.
3. The Power of Real-Time Analytics and Data
Modern renewable energy portfolio owners must have enough agility to make business decisions fast and accurately. If you want to know whether to stop a project or change the direction of a certain RE investment, waiting for the company data analyst to send a report at the end of the quarter can be disastrous. You need real-time solutions to promptly identify issues and make the required adjustments.
Imagine a situation where you can track energy usage by your customers in real-time. With such a platform, you can acquire insights into the effects of important efforts such as marketing campaigns. A cloud-based data approach such as this one can help decide whether to continue with a campaign or disband it.
Timely data provision and insights can also help in times of external interferences that affect RE asset usage. For instance, think of a scenario where you can receive immediate insights into the effects of COVID-19 on energy demand. Imagine also how effectively you could manage customer experience if you used cloud-based IoT solutions for infrastructural monitoring during power outages. Not only would this help you deal with outages more efficiently, but you could also generate notifications for the customer about the outages and the action you are taking.
Conclusion
Cloud-based data solutions can help your renewable energy firm earn a competitive advantage. Cloud computing is no longer a new topic, but any business planning to apply the technology needs to take some time to evaluate the available options. Once into the cloud, renewable energy portfolios gain from the benefits of enhanced collaboration, improved maintenance management, and real-time analytics and data.
Utilizing the latest cloud-based RE portfolio management solutions, QBI Solutions allows companies to raise their profiles on several levels. Procedures are efficient and easy to access. The result of engaging through our renowned platform is improved functionality of your portfolio, and ultimately, better returns for your business.
We are always ready to take you through a demo and introduce you to cloud-based data solutions. Call our representative today for details.
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