- Category: Windtech Future
As of the end of June 2017, digital services in wind energy had seen deployment to over 55GW of assets, but to less than 1GW of offshore wind. The majority of the features and capabilities which can be delivered via a software-as-a-service (SaaS) model, or otherwise leverage data analytics and internet of things (IoT) systems, are likely to be agnostic to both onshore and offshore wind. Nevertheless, the potential impact on O&M cost as well as energy output optimisation will have specific implications in an offshore wind market segment.
By Philip Totaro, CEO, IntelStor, LLC
- Category: Windtech Future
Looking at the levelised cost of energy (LCOE) equation, the offshore wind industry has a unique and timely opportunity to achieve maximum impact by driving innovation and technology development towards lower CapEx and OpEx costs, and increased annual energy production (AEP).
By Philip Totaro, Founder & CEO IntelStor, LLC
- Category: Windtech Future
Digitalisation and Internet of Things (IoT) technology adoption in the renewable energy (RE) sector is still in its infancy. This immaturity of digital services platforms in RE leaves a major opportunity for revenue growth. The emergence of the RE digital services ecosystem creates a definitive need and opportunity for data-as-a-service (DaaS) and analytics-as-a-service (AaaS), both of which are likely to be a significant revenue driver as part of the overall RE digital services sector. The market for digital services in RE is likely to grow to US$ 89.4 billion by 2030 with annual revenue of US$ 5,3 billion in that time-frame.
By Philip Totaro, Founder & CEO, IntelStor
- Category: Windtech Future
Renewable energy finds itself in a bit of a Catch-22 situation when it comes to innovation. Intrepid entrepreneurs with impressive ideas which would reduce levelised cost of energy (LCOE), improve annual energy production (AEP), reduce the CAPEX cost of wind turbines, solar panels and energy storage systems, or even reduce the OPEX cost to maintain renewable energy installations, are being stifled. Even OEMs have shown either incremental product and technology innovations, or pie-in-the-sky new products which have little hope of ever seeing the commercial market.
By Philip Totaro, Founder & CEO, IntelStor
- Category: Windtech Future
The renewable energy (RE) sector might actually have something to learn from Hollywood studios or the likes of Apple and Google. As many renewable energy OEMs develop platforms where they hope to offer services that can be delivered digitally, aspects such as content licensing, digital asset ownership and digital distribution rights all need to be considered.
By Philip Totaro, Founder & CEO, IntelStor
- Category: Windtech Future
What if you owned a wind turbine that could self-diagnose a gearbox vibration it detected and ‘call home’ to a remote monitoring operations centre to ask for an oil change? The wind energy industry is only a few years away from the digital industrial revolution having a major impact on the way in which the industry operates and generates revenue.
By Philip Totaro, CEO, IntelStor
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