International energy IntelliTech company Kaiserwetter Energy Asset Management has announced the launch of ARISTOTELES 3.2, the next-generation of its multiple award-winning, cloud-based Internet of Things (IoT) and Artificial Intelligence (AI) platform ARISTOTELES, to equip users with unprecedented insight into the technical and financial performance of their renewable energy assets, the company said.
Kaiserwetter´s flagship IoT & AI platform — ARISTOTELES — leverages smart data analytics, predictive analytics and machine learning algorithms to maximize the power generation of connected renewable energy installations. With the actionable data intelligence ARISTOTELES offers, financing banks, investors and asset owners can evaluate their respective portfolio´s operational and financial status to help enable early asset failure detection, inform investment decisions and secure their debt service coverage ratio.
The launch of this expanded version of ARISTOTELES coincides with the rapid technical improvement of solar power equipment, including PV modules, which has made solar energy significantly more cost-effective, productive and competitive with wind and other energy sources than it was just one decade ago. Investors have taken note and have progressively ratcheted-up their engagement in the solar power sector.
Kaiserwetter upgraded ARISTOTELES to facilitate and accelerate this trend. Today, ARISTOTELES is capable of integrating data from solar power installations ranging in size from 10 kilowatt (kW) PV roof systems to over 200 megawatt (MW) utility-scale solar parks and using machine learning algorithms to forecast power output, anticipate the effects of context factors and benchmark the financial performance of a user´s assets against that of their peers.
By integrating electricity market data, ARISTOTELES enables the comparison of a user´s own revenues with global electric power market price curves, making analysis of potential asset revenue more precise than ever. In combination with external data, such as meteorological factors, ARISTOTELES enables investors and renewable energy asset owners to both continuously maximize the operational and financial performance of their wind and solar investments and minimize investment risks.
Kaiserwetter is the market´s first energy IntelliTech company, providing Data as a Service (DaaS) to catalyze investment into renewable energy and reduce global greenhouse gas emissions. For more information about Kaiserwetter, visit www.kaiserwetter.energy,