Software For Renewable Energy – This is part 1 of a three-part series on the commercial pressures facing renewable energy (RE) professionals in today’s market. I highlight the many advantages that targeted software offers to accelerate RE over generic software.
Commercial renewable energy (RE) projects are difficult to scale. These projects are complex, risky and capital intensive. They also require different teams of internal and external experts to work to tight deadlines at different times during the project period. The need to address complexity through complex collaboration creates a high pressure environment where success or failure is often not determined by the quality of the site or resource.
Software For Renewable Energy
RE developers are truly the heroes of the RE industry. These market players are responsible for adding 1.2 terawatts of new RE capacity and attracting $2.6 trillion in new investment over the past decade. While we often get the big news of Amazon, BP or Macquarie buying operational wind and solar farms, we rarely appreciate the hard work involved in getting these projects off the ground.
Solar, Wind, Geothermal Gis
As the world strives to move towards net zero, the role of RE developers in creating “ready to label” projects for lenders to finance and buy companies and pension funds is becoming increasingly important. Capital demand for RE projects is expected to reach USD 11 trillion globally by 2050. Although a 10 MW solar or wind farm can be built in 2-3 months, the process of developing commercial RE projects takes several years. To meet demand, we need to speed up the development process without compromising the quality of the project.
How RE developers get things done isn’t just about being competitive, it’s about future proofing. To keep the global average temperature below 2°C above pre-industrial levels, RE will provide 70-85% of all global energy by 2050. This will quadruple in <30 years.
As someone who has spent a lot of time developing RE projects, the added pressure to grow market share from 28% to 80% in <30 years worries me a bit. We claim that we are still old when it comes to the adoption of digital technologies by developers. In fact, for more than a decade, Software-as-a-Service (SaaS) companies have ignored the unique needs and pain points of RE professionals—preferring to treat them as "good" customers in the world of infrastructure accounting. Big
The lack of dedicated software specifically for RE workflows has forced RE developers to rely on generic solutions – forcing them to rely on Asana, Monday or Clickup to handle everything from pipeline and case management to contracts, permits, reporting and collection of money. . It is essential to every RE professional’s toolbox in the RE market, where every stakeholder in the value chain needs to access and gain value from software built by industry experts – software that reduces friction, improves efficiency and lowers the soft costs of development. .
Ul Acquires Microgrid Design Software Company Homer Energy
While Asana, Monday, and Clickup offer some useful scheduling tools for setting goals and tracking issues, these platforms are designed with other software companies, marketing agencies, and marketers in mind. Looking at the examples of Asana, for example, it’s natural to think how a workflow platform backed by L’Oréal, Sony Music and John Lewis could benefit the PE industry.
Let’s face it, trying to manage a serious RE project and/or finance business on a common platform that isn’t purpose-built means that RE companies will end up ignoring the fundamental changes in today’s market. of great importance in general.
Data analysis refers to site selection – accessing and reviewing well, well and other geospheric data to decide where to build. Due diligence includes evaluating documents to determine which departments (eg, technical, legal, investment, consulting) will work best for the project. Financial models live in Excel and define project performance from a risk-benefit perspective for all stakeholders.
For users of Asana, Monday and Clickup, these key functions of the RE business, involving data analysis, relevant engagement and financial models, easily capture the core functionality they offer. Don’t get me wrong – dashboards, timelines, calendars, Gantt charts and views are important for collaboration and better security than email. But geospatial data, documents, and spreadsheets are the main file types in the RE world, and these don’t integrate well (or at all) with platforms primarily designed to support the development of digital products (as opposed to power plants).
Renewable Energy Professionals Deserve Their Own Software (1/3).
Of course, RE developers are not the only players in the RE market lacking targeted SaaS. RE investors and advisors are also looking for software designed to help them achieve their goals. The prequalification and due diligence process for RE investments is somewhat inefficient. The flow of information from project teams to investment and consulting teams is unstructured and email-driven, with fragments of project results that analysts must constantly collect and recreate. In fact, in our own research, we found that RE investors and advisors spend 33% of their time finding the right information and 67% of their time analyzing that information. Imagine how much faster RE project funding would go if investment and advisory teams spent 100% of their time analyzing the right data?
Knowing the pain of growing commercial RE, our team of energy, investment and technology leaders at Enian have built a business platform to meet the specific needs of RE professionals. The goal is simple: reduce friction during the project lifecycle by facilitating online collaboration between RE professionals.
Geospatial data analytics, analytics and financial models are at the heart of how this platform works – including task tracking, goal setting, planning and reporting. We call it “Project Manager”.
Financial modeling and analysis are important tasks that all RE professionals know well. A good project model will evolve to accurately reflect the new reality of the project as the project matures – becoming more complex and closer to the reality on the ground with each new phase.
A Green Workforce Software Revolutioncommentsharecommentshare
Many types of project models are created for different purposes – these models together form the financial history of the project team’s progress. Seeing how models evolve to share learning between teams is an important part of being competitive and effective in today’s fast-paced marketplace. It is important to have a regular reporting process to identify investment opportunities and keep current investors updated with project KPIs. But unfortunately, the best financial modeling tool out there – MS Excel – doesn’t work well with Asana, Monsoon or Clickup.
Project Manager is designed to easily integrate with ExcelOnline and Smartsheet, so teams of professionals can manage their work in the cloud efficiently and securely. Teams with a project manager can create unlimited financial dashboards linked to each model and can automatically push or pull values between the reporting and modeling environments. It’s seamless. No need to switch from existing tools – just select the cells you want to report on in the project manager dashboard and away you go.
Technical, legal and financial due diligence is an important part of the life of an RE project. Similar to how financial models evolve with new data, projects mature through documentation. Feasibility studies, environmental impact statements, site designs and drawings, contracts and agreements, building permits, grid connection applications, etc. they must be carefully collected, co-developed and co-evaluated at each stage. Many GB of files accumulate in this process – making it easy to overlook or lose things.
From consulting engineers, well operators and environmental consultants to insurers, legal and financial advisors, external partners help develop project documentation. These external teams work more effectively with project development teams by having structured, secure access to the information they need to do their work.
Pdf) On Grid Renewable Energy System Design And Cost Analysis With Homer Software For Aust
Enian Project Manager is designed to reduce friction in each of these relationships – providing a simple, secure and friendly user experience that gives project managers complete transparency about what important information they can access, when and where for what purpose Never miss a thing.
We have spent a lot of time studying what makes commercial RE projects fail. The main reason why renewable projects fail is uncertainty about the state of the grid. Whether you are developing rooftop solar panels for commercial owners or trying to promote rural wind farms, knowing the local grid situation – the location of connection points or saturation – is key to project success.
Unfortunately, high-quality, granular, pore-level data is the most difficult information. Information on the location of existing power plants, transformer stations, transmission and distribution lines is completely missing. In fact, most RE professionals sometimes Google or pay big bucks to energy data providers to access these important details. Fortunately, Enian Project Manager is powered by the world’s largest database describing power plants and grid infrastructure for 195 countries. To own this
For renewable energy, incentives for renewable energy, solutions for renewable energy, homer renewable energy software, renewable energy for electricity, energy storage for renewable energy, renewable energy simulation software, renewable energy for business, grants for renewable energy projects, renewable energy software, funding for renewable energy projects, government grants for renewable energy
Integration Of Renewable Energy Sources With Smart Grid
READ
Author by : M. Kathiresh
Languange Used : en
Release Date : 2021-09-08
Publisher by : John Wiley & Sons
ISBN :
Description : INTEGRATION OF RENEWABLE ENERGY SOURCES WITH SMART GRID Provides comprehensive coverage of renewable energy and its integration with smart grid technologies. This book starts with an overview of renewable energy technologies, smart grid technologies, and energy storage systems and covers the details of renewable energy integration with smart grid and the corresponding controls. It also provides an enhanced perspective on the power scenario in developing countries. The requirement of the integration of smart grid along with the energy storage systems is deeply discussed to acknowledge the importance of sustainable development of a smart city. The methodologies are made quite possible with highly efficient power convertor topologies and intelligent control schemes. These control schemes are capable of providing better control with the help of machine intelligence techniques and artificial intelligence. The book also addresses modern power convertor topologies and the corresponding control schemes for renewable energy integration with smart grid. The design and analysis of power converters that are used for the grid integration of solar PV along with simulation and experimental results are illustrated. The protection aspects of the microgrid with power electronic configurations for wind energy systems are elucidated. The book also discusses the challenges and mitigation measure in renewable energy integration with smart grid. Audience The core audience is hardware and software engineers working on renewable energy integration related projects, microgrids, smart grids and computing algorithms for converter and inverter circuits. Researchers and students in electrical, electronics and computer engineering will also benefit reading the book....
Ai And Iot In Renewable Energy
READ
Author by : Rabindra Nath Shaw
Languange Used : en
Release Date : 2021-05-12
Publisher by : Springer Nature
ISBN :
Description : This book presents the latest research on applications of artificial intelligence and the Internet of Things in renewable energy systems. Advanced renewable energy systems must necessarily involve the latest technology like artificial intelligence and Internet of Things to develop low cost, smart and efficient solutions. Intelligence allows the system to optimize the power, thereby making it a power efficient system; whereas, Internet of Things makes the system independent of wire and flexibility in operation. As a result, intelligent and IOT paradigms are finding increasing applications in the study of renewable energy systems. This book presents advanced applications of artificial intelligence and the internet of things in renewable energy systems development. It covers such topics as solar energy systems, electric vehicles etc. In all these areas applications of artificial intelligence methods such as artificial neural networks, genetic algorithms, fuzzy logic and a combination of the above, called hybrid systems, are included. The book is intended for a wide audience ranging from the undergraduate level up to the research academic and industrial communities engaged in the study and performance prediction of renewable energy systems....
Renewable Resources And Energy Management
READ
Author by : Satyajit Chakrabarti
Languange Used : en
Release Date : 2023-05-25
Publisher by : CRC Press
ISBN :
Description : International Conference on Energy Management & Renewable Resources has been a premium forum for presenting recent advances in renewable based energy systems, smart applications of power electronic devices in modern grid systems and AI based control over energy management areas. IEMRE2022 has been an excellent platform to collaborate and showcase high-end research giving exposure to interact with the eminent Professors, Technocrats, Scientists, Administrators and Students throughout the world by the latest innovations in the field of Renewable Energy and Energy Management with their applications in worldwide energy sectors. IEMRE 2022 was organized by Department of EEE & EE of Institute of Engineering & Management, Kolkata, India for three days in online mode with invited lectures by outstanding speakers from all over the world on emerging areas in the field of renewable energy. This book is a collection of select papers from the conference....
Integration Of Renewable Energy Sources Into The Power Grid Through Powerfactory
READ
Author by : Morteza Zare Oskouei
Languange Used : en
Release Date : 2020-05-19
Publisher by : Springer Nature
ISBN :
Description : This book evaluates a number of serious technical challenges related to the integration of renewable energy sources into the power grid using the DIgSILENT PowerFactory power system simulation software package. It provides a fresh perspective on analyzing power systems according to renewable energy sources and how they affect power system performance in various situations. The book examines load flow, short-circuit, RMS simulation, power quality, and system reliability in the presence of renewable energy sources, and presents readers with the tools needed for modeling, simulation, and analysis for network planning. The book is a valuable resource for researchers, engineers, and students working to solve power system problems in the presence of renewable energy sources in power system operations and utilities....
Principles Of Sustainable Energy Systems Second Edition
READ
Author by : Frank Kreith
Languange Used : en
Release Date : 2013-08-19
Publisher by : CRC Press
ISBN :
Description : Completely revised and updated, Principles of Sustainable Energy Systems, Second Edition presents broad-based coverage of sustainable energy sources and systems. The book is designed as a text for undergraduate seniors and first-year graduate students. It focuses on renewable energy technologies, but also treats current trends such as the expanding use of natural gas from fracking and development of nuclear power. It covers the economics of sustainable energy, both from a traditional monetary as well as from an energy return on energy invested (EROI) perspective. The book provides complete and up-to-date coverage of all renewable technologies, including solar and wind power, biological processes such as anaerobic digestion and geothermal energy. The new edition also examines social issues such as food, water, population, global warming, and public policies of engineering concern. It discusses energy transition—the process by which renewable energy forms can effectively be introduced into existing energy systems to replace fossil fuels. See What’s New in the Second Edition: Extended treatment of the energy and social issues related to sustainable energy Analytic models of all energy systems in the current and future economy Thoroughly updated chapters on biomass, wind, transportation, and all types of solar power Treatment of energy return on energy invested (EROI) as a tool for understanding the sustainability of different types of resource conversion and efficiency projects Introduction of the System Advisor Model (SAM) software program, available from National Renewable Energy Lab (NREL), with examples and homework problems Coverage of current issues in transition engineering providing analytic tools that can reduce the risk of unsustainable fossil resource use Updates to all chapters on renewable energy technology engineering, in particular the chapters dealing with transportation, passive design, energy storage, ocean energy, and bioconversion Written by Frank Kreith and Susan Krumdieck, this updated version of a successful textbook takes a balanced approach that looks not only at sustainable energy sources, but also provides examples of energy storage, industrial process heat, and modern transportation. The authors take an analytical systems approach to energy engineering, rather than the more general and descriptive approach usually found in textbooks on this topic....
Small Scale Renewable Energy Systems
READ
Author by : Sven Ruin
Languange Used : en
Release Date : 2019-10-16
Publisher by : CRC Press
ISBN :
Description : A revolution is ongoing in the field of small-scale energy solutions, which can enable lower impact on the environment, more robust supply and self-determination. Solar power and other forms of renewable energy sources, which you can implement to generate your own electricity, are growing quickly. Electromobility is transforming the car industry and transportation systems and can also play a role in your energy system. Electricity can be used much more efficiently than before, for example by using LED light, variable speed motor drives and efficient home appliances. Smart controls are available, sometimes with free open source software. All this opens up tremendous opportunities for energy independence, which is the focus of this book. The book introduces the reader to a number of renewable energy sources, to different options for storing electricity and to smart use of electricity, particularly in the context of small isolated systems. This is important because many renewable energy sources are weather- and season-dependent and usually require storage and smart control, in order to obtain a system that is completely independent of the electricity grid. In the book, overall system design is explained, including how to combine different sources in a hybrid system. Different system sizes and architectures are also covered. A number of real cases are described, where homes, businesses and communities have achieved a high level of energy independence or are on their way to achieving it. This book will prove useful in university education in renewable energy at bachelor and master level, and also for companies and private individuals, who want to start or expand activities in the area of renewable energy....
Innovations In Sustainable Energy And Technology
READ
Author by : P. Muthukumar
Languange Used : en
Release Date : 2021-05-13
Publisher by : Springer Nature
ISBN :
Description : This book presents best selected research papers presented at Innovation in Sustainable Energy and Technology India (ISET 2020), organized by Energy Institute Bangalore (A unit of RGIPT, an Institute of National Importance), India, during 3–4 December 2020. The book covers various topics of sustainable energy and technologies which includes renewable energy (solar photovoltaic, solar thermal and CSP, biomass, wind energy, micro hydro power, hydrogen energy, geothermal energy, energy materials, energy storage, hybrid energy), smart energy systems (electrical vehicle, cybersecurity, charging infrastructures, IOT & AI, waste management, PHEV (CNG/EV) and mobility (smart grids, IOT & AI, energy-efficient buildings, mart agriculture)....
