AI for Renewables: 5 Ways to Optimize Wind, Solar and Energy Storage

The transition to renewable energy is underway. This transition can be viewed through many lenses. General population lenses (Climate change is happening. We don’t know what we need to do exactly, but we’re doing it too slow!), Political lenses (How do we satisfy enough of our voters, how do we take credit for the good changes, and distance ourselves from the problems?), Commercial lenses (how can we profit from the transition?), Engineering lenses (How do we do this at all, considering safety, reliability, cost, and technical limitations?), and others.

Solar is lucrative business with high potential return on investment. However, there are some key differences between managing solar assets and managing financial assets. Solar assets entail a layer of complexity with physical and technical moving parts, which have a direct impact on yield and hence the ROI. So, how do you monitor and manage a solar asset to ensure maximum performance over the entirety of the system’s lifetime? In preparation for the inaugural edition of the Solar Asset Management Australia conference, we have joined forces with industry experts from Rystad Energy, Blueshore and Inaccess to bring you an insightful session on the asset management side of utility-scale solar projects in Australia.

The State of the Industry Webinar, a quarterly series moderated by ACORE and Bloomberg New Energy Finance, offers the latest intelligence and analysis on renewable energy markets, finance, and policy. As renewable energy projects confront increasing competition for buyers and shorter contract terms, project owners have begun selling directly into wholesale markets, with mixed results.

Join HOMER Energy CEO Dr. Peter Lilienthal and Alex De Broe, CEO of Xant Wind Power to examine HOMER Pro use cases combining wind and solar, which are often complimentary in hybrid renewable distributed energy systems. XANT is a manufacturer of midsize (50-500kW) turbines for the microgrid and off-grid markets.