CATS Asset Lifecycle Management for Renewables
Renewables are projected to make up over 50% of global generation by 2035. This is propelled by increased electricity demand in civic infrastructure and a shift toward electricity as an energy source in smart vehicles.
This higher volume need requires the Renewables businesses to manage a growing ocean of assets while maintaining data accuracy across their growing portfolio.
Due to the heterogeneity in assets between traditional power, solar PV, solar thermal, wind, hydro, geothermal, biomass, battery storage, etc., it is possible to capture key operational transaction data at the site level and consolidate that data up at a top level view. This type of asset visibility and analysis can require countless hours of manual audits using antiquated techniques.
You cannot survive with antiquated techniques.
Power CapEx and OpEx parts, equipment and infrastructure investments are some of the most complex assets to model due to several factors. First, electricity power prices are easily one of the most volatile commodities in the world, which makes planning build-outs a form of data-driven magic. Second, power investments have different local, county, state, and federal incentives and depreciation schedules that need to be appropriately accounted for in predictive modeling. Third, the disparate nature of this asset infrastructure makes it difficult to get visibility into the entire universe of critical assets. Renewables finance and operations managers are constantly hampered by only seeing fragments of the big picture, making their work more reliant on magic than data.
Fulcrum CATS Asset Management System can give your renewables business perfect visibility into the critical assets that your business relies on for continuity of operations and new construction. CATS uses any and all asset data input sources for that visibility – ranging from mobile devices to e-Poll data to enterprise system information. This data is then reconciled and made available for all operations and finance decision makers to leverage in any and all connected systems, such as ERP, BI, OSS, WMS, 3PL, and more.
Let CATS help you see the big picture for your Renewables asset universe. Get visibility (and a free consultation) by emailing us at email@example.com.