India based solar asset management company, Futr Energy, has announced plans to expand their automated Energy Asset Services into Australia and the United States.
Statistics indicate that global energy consumption is on the rise; in fact, experts are projecting a 25% increase by 2040. According to the International Energy Agency (IEA Research), energy production and usage accounted for nearly 72% of global emissions in 2017.
With such glaring statistics, it is no wonder that several countries continue to pursue non-renewable alternatives like solar energy to reduce emissions. The United States is the largest solar installer in the world. Australia is also one of the fastest-growing installers of solar energy. But with the increased reliance on clean energy and as it gets closer to the 2050 COP21 Net Zero target, it is critical that solar assets perform reliably, predictably, and profitably as they age.
An average 100MW mid-sized solar plant in the US is likely to have over 3% anomaly-driven power loss with over 4 downtime events annually. Sadly, this is expected to become a growing problem, as the solar module’s age is correlated with the rate of defects found in them. But there's hope. The use of automation, integrating predictive analytics, and strong asset management practices have been shown to sustainably correct underperformance issues in solar.
About Futr Energy
Futr Energy is an AI-enabled energy automation and management software provider on a mission to build automated energy assets of the future. Solar energy developers and operators can tap into this dynamic technology to get the best out of their plants with smart features from a single operating system. Some of the features include predictive analytics, performance management, warranty automation, drone audits, spares inventory management, and more.
Over the years, Futr Energy's proprietary technology has had a positive impact on over 30GW of solar assets globally. They have delivered an average 4% increase in performance and a 27% reduction in unplanned downtime to their customers.
Media Contact
Company Name: Futr Energy
Contact Person: Shubhang Harsh
Email: Send Email
Phone: +918877636353
Country: India
Website: https://www.futr.energy/
