Introducing the Virtual Asset Manager at WindEnergy Hamburg
For the first time ever and just for the WindEnergy Hamburg attendees we'll be sharing some sneak preview of what the Virtual Asset Manager will look like. Commercial and administrative asset management of wind assets needs to take a sharp turn to become scalable and allow the ambitious growth and the increasing complexity we've got planned ahead.
1,000,000,000,000 watts of solar per YEAR!
If current projections are right, 1 TW of solar capacity will be deployed every year starting 2028. The only “problem” is that forecasts for deployment have consistently underestimated the rate of deployment. This makes it likely that we’ll reach this milestone even early, possibly as early as 2026! The impact of this rate of deployment is profound, with the most obvious being a massive yearly increase of the renewable energy being made available. However, it will also expose any cracks in the “foundations” of companies, grid infrastructure, and national regulations. Once these cracks start showing it quickly becomes very expensive to retroactively mitigate them. Amongst the initiatives addressing these challenges is
Aevy x La French Tech
Stig Sund had the chance to present Aevy at a Viva Technology ‘side event’ organised by LaFrenchTech. With over 200 guests coming from all over the world, calling it a ‘side event’ is almost an understatement!
Aevy becomes a member of SolarPower Europe!
SolarPower Europe is the leading European association when it comes to solar. Representing IPPs, utilities, manufacturers, O&M, and many other key players, their dedicated policy experts lead focused work streams, address key issues, and influence legislation. And we will not be a passive member! As the Opex fraction of total project cost is increasing, optimal asset management is becoming increasingly important. Therefore we have already joined two working groups focused on optimizing asset management. Ready to make our contribution to elevating the industry.
Would you say your wind and solar portfolio is complex?
The renewable energy sector, particularly wind and solar portfolios, is experiencing unprecedented complexity due to evolving market dynamics. Asset managers now face multiple challenges, including transitioning from subsidized production to mixed market strategies, managing strict forecasting requirements, implementing storage solutions, expanding internationally, handling end-of-life asset management, integrating agrivoltaics, scaling from MW to GW portfolios, simultaneously managing diverse asset sizes, and taking on increased responsibility in construction and supply chain management. These complexities require asset managers to adapt and develop new strategies while maintaining cost-effective operations in an increasingly sophisticated renewable energy landscape.
Have you heard about the ISO 55000 on Asset Management?
This standard provides guidance on how to implement and manage an efficient and reliable asset management system. It might not come as a surprise but asset information is a central piece of the puzzle.
Operating expenses now impact the LCOE more than solar modules cost!
The LCOE for solar and wind has decreased significantly in recent years, in some instances falling below USD 50 per MWh. The rapid decrease can be attributed to multiple variables, including the reduction of cost of key equipment, decreased installation costs, improved efficiency and capacity factors, increased competition with more service providers, and innovations.
What is AI – REALLY?
We are surrounded by AI, it is in our phones, computers, vacuums and even fridges. At this point we may even expect AI to be in “everything”. But, have you ever taken a step back and thought about what AI really is and what value it brings you? In essence AI is merely a combination of functions and weights, and its output, although often impressive, nothing more than the answer resulting from a large number of calculations based on the input provided. One may even argue that this is similar to how we as humans arrive to conclusions.
By 2030 we will need an extra 1.3 million white-collar workers to operate and maintain the renewable power plants worldwide.
A McKinsey & Company analysis predicts that by 2030 we will need an extra 1.3 million white-collar workers to operate and maintain the renewable power plants worldwide. Additionally, 2.1 million blue-collar workers have to be added to the workforce solely for the operations and maintenance of these power plants.
Domain expertise will change the world, NOT software companies
Last week DLA Piper Norway hosted a very interesting event focused on using the “commercial power of AI”. We were lucky enough to be able to attend, and want to share some take-away.
34% of your colleagues are SECRETLY using AI at work
Last year was a massive year for AI. In August 2023, Retool surveyed over 1500 people about their relationship with with Generative AI (GenAI) and found that 34.4% responded “Yes” when asked if they secretly used AI at work. While almost 20% responded that they only used AI “within company policy”, this finding still highlights the need for companies to take charge and make a plan for how they use GenAI.
