Based on the Global Energy Monitor database with an overview of over 50 000 sites totalling 2.6 TW of solar, Europe has the smallest average site capacity. Sites in the Americas are, on average, twice as large as European sites, while sites in Asia are an impressive three times larger.

1. Lower average installed capacity per asset often means that asset managers are looking after more assets to lower the cost of operations per kWh produced. With the current methods and tools available, asset management does not scale. The workload for a 5 MW plant can be similar to that of a 50 MW site.

2. The size of European assets means that scalable management of these assets is crucial to meet the ambitious growth targets for renewable energy production. We’ve seen a lot of progress on automating equipment supervision and performance optimization, but asset management remains reliant on manual work with minimal to no automation.

3. Scalability of asset management relies on many factors, with a fundamental one being access to information. Currently, complex information are scattered across hundreds of documents for each site and we rely on asset managers to manually manage this information.

This is not scalable.

Good news, we're working alongside our pilot customers to make scalable asset management a reality.

Note! 2.6 TW summed capacity has been calculated from a mix of AC and DC capacities depending on availability from the database.

(Source: Global Solar Power Tracker, Global Energy Monitor and TransitionZero, June 2024 release)

Check out the LinkedIn post here.