Smart Solar PV Forum – Data Analytics & IOT
Like most sectors, the solar industry is rapidly embracing ways to analyze and crunch data in order to lower the cost of solar energy and to open up new markets for their technology. The rise of data tools—algorithms, machine learning, sensors—are driving investments in, and acquisitions of, solar startups, while entrepreneurs are launching new companies that are using data to solve various solar industry problems.
Meanwhile, big companies are spending money on tracking, monitoring and evaluating data from solar projects worldwide, helping to lower the cost of generating energy from the sun. Energy managers are finding it difficult to manage their expanding solar fleets, which often involve different types of equipment, installers, geographies and inverter and monitoring software. Collecting data from such diverse sources and translating it into actionable operations and management (O&M) commands can be time-consuming and expensive for even the most experienced energy teams.
Digitization is a trend that can have a major impact on every industry in every region. Its direct benefits include reduced costs, increased revenue and growth. With the energy industry undergoing a fundamental transformation, digitization could be key to greater productivity, efficiency and flexibility. We are now transitioning from a centrally organized world of power generation into a system of diverse and distributed generators.