Isotrol launches an innovation project to add the ability to make forecasts in the management of renewable assets and anticipate key business situations.
Predictive analytics is not new. Big companies, especially companies of the financial sector have been many years using it to decrease risks and anticipate to key market situations. However, the early detection of future situations is one of the main improvement areas of the renewable industry that is starting to demand the use of algorithms, automation and Big Data to improve the performance and the efficiency of renewable portfolios.
With this objective in mind and funding from the European Commission, Isotrol launches the REWAM project that will help provide its solutions with greater potential, incorporating the premature analysis of anomalous situations and be able to move on to a new dimension in which the future determinants of the renewable business will be identified early on.
The project aims to provide renewable managers with TIC solutions for early detection of deviations in the plant management, favoring the reduction of the O&M costs, the production improvement, the optimization of the marketing prices and the increased profits.
Unlike other advances in predictive matters linked to the operation of machines or wind turbines, with this project, Isotrol proposes a wider approach, oriented to the development and the solutions obtained to the needs of professionals and departments responsible for the operational efficiency of renewable plants, as well as asset manager and investment funds.
The REWAM project has received funding from the European Union’s Horizontal Program 2020 call SMEInst-2016-2017 grant agreement nº 782545.