BIG DATA AND PREDICTIVE ANALYTICS IN RENEWABLE ENERGY INVESTMENT

| July 5, 2018

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Predictive Analytics and Big Data are currently two significant disruptive forces across the global economy, a trend which looks set to continue for the foreseeable future. Organisations that are sophisticated enough to leverage these tools are developing acute competitive advantages based on their nuanced insights and accurate forecasts. The implementation of a strategy incorporating Big Data or Predictive Analytics poses several technical challenges that need to be reviewed in detail to build out a suitable infrastructure to reliably grow and utilise the vast reserves of data required for actionable business insights.

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DECK Monitoring

As the global demand for energy rises, the need for measuring energy use and production becomes increasingly critical. You can't manage what you don't measure. If you can measure a resource, you can begin to make informed decisions. We define "energy intelligence" as the tools and data you need to manage your energy production and use.

OTHER ARTICLES

Electric vehicles could turn solar households into autonomous energy units

Article | February 17, 2020

Many discussions abound on how Australia can reach renewable energy targets of 50 per cent and much more. Many experts believe achieving this goal will depend on the availability of a low cost, bulk energy storage infrastructure. Pumped hydro has received much attention in this regard. While technically feasible, bulk storage still requires transmission and distribution infrastructure that is not only costly but will take considerable time to implement. A far simpler and cost effective route is the bottom-up approach of turning each house into an autonomous energy unit. The use of solar panels in homes and small industry has proven to be remarkably successful.

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A Clean Energy Source of the Future?

Article | March 27, 2020

You know things are getting exciting when German bureaucrats are turning emotional, as happened one month ago in Berlin: “Hydrogen is the shit! And we need it desperately.” Thomas Herdan, the bureaucrat in question, is a prominent policymaker in the German Economic Ministry and, until that moment, was known for analytical thoughtfulness rather than for enthusiastic outcries. His excitement, however, is shared by governments and businesses around the world. The International Energy Agency IEA estimates that every year, the world’s governments pour $700 million into R&D for hydrogen applications alone. A few months ago, the U.S. announced $40 million in funding for 29 hydrogen projects across the country. As IEA puts it, hydrogen currently has “unprecedented political and business momentum”.

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What is community solar and is it better than installing solar panels on your home?

Article | February 24, 2020

The U.S. reached a monumental 2 million solar installations in 2019. As more people look to save money through solar energy, many different options for doing so are becoming available. The U.S. Department of Energy defines community solar as “a solar-electric system that… provides power and/or financial benefit to… multiple community members.” These voluntary programs allow community residents to enjoy the perks of solar power without the large initial investment. The solar panels and related equipment are set up in a central location, so residents don’t need to buy and install equipment on their personal properties. The power produced by these projects is then shared by a community, and the hardware is either owned by the community itself or by a third party (i.e. Jaton’s community solar projects in California).

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RENEWABLE ENERGY: IMPACT OF COVID-19 ON PROJECT SPECIFIC INSURANCE

Article | March 16, 2020

We are certain that everyone involved in renewable energy projects are thinking about the impact Covid-19 will have on your projects being planned, built or operated. The following blog is not to be used as a full guideline, but rather an overview of our perspective on the situation. With the global Covid-19 escalation, it is likely that both the developers and the OEM’s are thinking “what impact will Covid-19 have on the completion of my project” and “can I still meet my PPA deadline?’ The first question to consider is whether a delay caused by a Force Majeure event insurable? The short answer is that no, a delay in this scenario would not be covered. Insurance is about Physical Damage to the subject matter insured, which is the Works. An outbreak of Covid-19 is not a Physical Damage event.

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Spotlight

DECK Monitoring

As the global demand for energy rises, the need for measuring energy use and production becomes increasingly critical. You can't manage what you don't measure. If you can measure a resource, you can begin to make informed decisions. We define "energy intelligence" as the tools and data you need to manage your energy production and use.

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