SmartHelio announced it is launching its AI-powered Suite, which can achieve up to 98.5% accuracy in GHI/wind resources forecasting and 95% in failure prediction, de-risking solar investments for both future PV plants and brownfield acquisitions. The Suite includes SmartHelio’s predictive Autopilot solution, which delivers predictive analytics capabilities, and the Climate Risk Assessment (CRA) tool, which leverages meteorological data and climatic events to help investors and solar plant owners make informed investment decisions. SmartHelio will unveil its AI-powered Suite at RE+ 2024, taking place September 9-12 in Anaheim, California.
“The management of PV plants is fraught with inefficiencies, primarily due to fragmented data and outdated reporting methods that delay decision-making and expose investors to significant financial risks. Addressing these challenges is crucial for improving performance and profitability in the industry,” said Govinda Upadhyay, CEO of SmartHelio. “Many tools offer market performance enhancements, but plants using SmartHelio’s AI-powered solution have seen as much as a sixfold return on investment.”
Climate Risk Assessment (CRA) Tool
The CRA tool is the only tool to integrate socio-economic data such as urbanization trends (deforestation, aerosol concentration) and other microclimatic factors. It forecasts solar irradiance and wind speed for a given solar farm by processing over 100 variables, including historical and real-time weather data and forecasts, local environmental factors like proximity to a lake, ocean, desert or mountain, global climatic indices like El Nino/La Nina, dipoles, or air, land and ocean temperature increases, and human factors like pollution and urbanization for a particular area.
Autopilot Platform
The Autopilot platform provides recommendations for future development and for operating the plants at the highest capacity with the lowest costs, enabling operators and owners to prevent downtime and reduce costs of operations/replacement by 80%.
AI-powered Suite
For the first time, customers using SmartHelio’s AI-powered Suite, which combines Autopilot and the CRA tool, can see not only how climate change will impact the future performance of their PV plants but also how they can take future evolutions into account in today’s decisions. The solution includes a sophisticated component selection feature, allowing operators flexibility in choosing their solutions to ensure the most effective components are used for solar installations, ensuring compatibility, safety and cost-efficiency. By optimizing resource allocation, SmartHelio’s solution helps operators reduce costs and improve overall system performance without relying on a single solution or provider.
Using the AI-powered Suite allows customers to lower costs, increase efficiency and increase revenue in their solar operations to overcome inefficiencies, improve decision-making and ensure investors avoid financial risks. By optimizing resource allocation, SmartHelio’s solution helps operators reduce costs and improve overall system performance without relying on a single solution or provider. In addition, the SmartHelio solution uses time-series data (current and voltage), even in an unstandardized format, to feed its physics-based algorithms and predict failures such as inverter downtime and tracker dysfunction.
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