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Digitalisation revolutionises the renewable energy sector

Renewable energy investors need service providers that are familiar with the investment landscape at a local level, can adapt to the latest technologies, and have a clear vision of market evolution and regulations

Hanno Schoklitsch, CEO and founder of Kaiserwetter Energy Asset Management
Hanno Schoklitsch, CEO and founder of Kaiserwetter Energy Asset Management

Hanno Schoklitsch, CEO and founder of Kaiserwetter Energy Asset Management, reached this conclusion in 2012, when he founded the world’s first Enertech company. This new sector includes organisations that use new technology to find innovative solutions to increase the efficiency and optimisation of renewable energy portfolios based on an advanced asset management.

Given the current context of climate change, coupled with the increased competition within the renewable energy market, energy investors are being forced to develop new ways to increase production and efficiency by limiting the use of fossil fuels and reducing prices throughout the value chain. It is becoming increasingly important for asset managers to be able to integrate and transparently manage the technical and financial performance of their energy portfolios, especially to minimise the risk of their investors.

 

The potential of IoT

The possibiliites of the Internet of Things (IoT) and big-data-analytics has revolutionised the future of the energy sector. Along with a solid digital infrastructure, IoT allows access to data almost anywhere in the world, and has the ability to analyse data mitigating the risk of investments in energy assets and to maximise the performance of portfolios. This type of analytics is the driving force behind standardized management of energy assets around the globe. This makes it possible to produce power, monitor performance and manage portfolios efficiently within large networks.

Successful data analysis can also help investors (banks and funds) to increase the productivity of their assets. If anything can encourage the financial community to further their investments, it’s the promise of lowest risks and highest performance. It also enables also new private investors to enter the renewable market, attracted by the potential value and the sector’s inevitable future growth.

 

Digitalisation unlocks the potential of renewables.

The rise of renewables is not only beneficial to the environment, but also the economy, with a recent industry study demonstrating that global GDP would increase by over one per cent to about USD1.3 trillion if the market share of renewables were doubled by 2030. However, this will only be possible if renewable energy investors can rely on investment security, professional risk management, and standardised portfolio management for their assets, from anywhere and at any time. To do this, all we need is the Internet and the capability to analyse smart data.

In response to this demand, Kaiserwetter has launched ARISTOTELES, a digital platform designed to support the executive level of investment companies, financial institutions and financing banks to monitor and manage its renewable energy portfolios. ARISTOTELES integrates the possibilities of Internet and Things (loT) and smart data analytics, and digital infrastructure in the cloud by combining technical with especially all financial data.

Executive level dashboards display all parameters and KPIs at one click on any kind of device, which allows executives to know if and how the invested capital is yielding a return on investment, independently of the production mode. Due to the advanced technology in use, ARISTOTELES is capturing the data of every asset around the globe. Transparency leads to trust which leads to investment security.

For Kaiserwetter‘s clients such as investment funds, private equity investors, family offices and banking institutions, having a digital platform that makes it possible to actively steer and remotely monitor their global investments is key to achieving their investment goals. IoT, smart data analytics and predictive data simulations provides the necessary technical and economic KPIs automatically, up-to-the-minute and free of any type of manipulation. Executive-level dashboards tailored to clients’ individual needs show the results of the system’s data analysis, which makes controlling and reporting processes much more efficient. This helps to substantially maximise the performance of the renewable energies portfolio while at the same time minimising its risks. This ensures maximum transparency for investments in renewable energy assets on a global level – no matter whether investors are based in Buenos Aires or New York. The digitalisation of power generation and energy asset management by using IoT and smart-data-analytics offers unexpected opportunities of boosting the expansion of renewable energies.

The next step for the innovative Enertech company is entering the American continent and therefore Kaiserwetter opened a company in New York, which will functioning as the data maining hub for America and LATAM. Kaiserwetter sets sight on the Americas due to the increase in US investors’ appetite forcing investments in renewable energies worldwide.