Category: Utility Scale Generation
The global solar industry has been on a heady growth trajectory in recent years. SEIA’s industry research on utility-scale solar reveals that 59% of solar installations in 2017 were in the utility-scale segment with this number increasing further by 2021. While declining module prices and quickly developing regulatory frameworks coupled with the growing demand for energy has aided growth, competition has also increased along with reducing tariffs. Arguably, the next spurt of growth will be delivered by improvements in processes and systems to support LCoE reduction and yield improvement. AI, automation and software integration can be key drivers in achieving these goals. In line with this, SEIA identifies that soft costs offer an opportunity for a price reduction, particularly important today given falling margins. This is where software integration, AI driven analytics, and the latest in sensing technologies such as IoT and drones can play a crucial role.
Today, given the way the industry is organized, most processes involved in the development, construction, and operations of a solar plant are not optimized. Much of the work is done on excel, communicated via email and then lives in multiple document management systems. As a result, different teams in the organization (BD, finance, procurement, operations) end up operating in silos.
In this session, we will discuss how software combined with AI can help increase operational efficiencies, reduce cost and save time through their ease of deployment and rapid scalability.
Swarup Mavanoor– Co-Founder and CEO, SenseHawk