The Orange Button Initiative was started recently to drive down the cost of distributed solar energy finance and facilitate data interchange. This initiative is promoted by a partnership between the U.S. Department of Energy Sunshot Initiative and the SunSpec Alliance, gaining significant traction in the solar PV and energy storage market. 3megawatt was invited to talk about our relationship to Orange Button, where North America’s lead customer manager Brendan Cook discussed “How automated data interchange can help reduce the effort of monthly reporting.” Brendan came back with lots of great insight and here are his top 3 impressions from the conference.
Excel is an incredibly useful tool and we may never move away from it entirely but it is important to recognize when your asset management practices have outgrown spreadsheets. It is time to move on… It will be hard to let go of those handcrafted spreadsheets that have become so routine but unfortunately they are not conducive to a complex portfolio and ultimately the growth of your company.
It is about that time - you must start processing your PPAs again it is an inevitable part of renewable energy management. Although a simple and routine task someone must do it. As an asset manager you might even look forward to the busy work, for once, you get to sit down with a cup of coffee. The problem is the endless amount of tasks keep piling up. Learn how easy it is to set up your automated invoicing system and even go paperless! It is a lot easier than it sounds.
The GDPR (General Data Protection Regulation) is a new regulation that will affect the EU. It is the most significant piece of European data protection legislation to be introduced in 20 years and it will come in force May 25th. Your privacy is very important to us! Accordingly, we have developed this policy in order for you to understand how we collect, use, communicate, disclose, and make use of personal information.
Listen to a new episode by Suncast that discusses how software might help companies grow in the renewables industry. This episode features Edmee Kelsey the founder and CEO of 3megawatt where she shares industry insights, market development, and professional growth.
Although renewable energy asset management software has many benefits, it’s not necessarily a required tool for every company. So if you’re still wondering whether or not it would be worth the investment for you, this section will help you pull the trigger.
While software solutions are in the spotlight alongside the growing industry, Green Tech Media, has published many insightful articles analyzing the direction of market. In one of their reports GTM names 3megawatt “...as the clear market leader,” for asset management software.
The responsibilities of asset management go further than monitoring and maintaining the physical asset alone. Asset management includes accounting, cash management, regulatory, contract compliance, investor and bank reporting. With increased pressure on driving down costs, optimizing each of these aspects is becoming increasingly more important.
It was a very different mood in San Francisco last week. Different from last year. And different compared to this year's Intersolar Europe. I would call it a mood of cautious optimism. Less ostentatious booths. Less exhibitors in general. But the same number of visitors. The big 2016 party is over and everybody is curious what will happen next.
Renewable energy generation, data collection, changing analytics, the grid edge... In a continually evolving industry how does the renewable asset manager keep up with the changes? Edmee Kelsey, founder and CEO of 3megawatt GmbH, gives PES her analysis of the situation....
The future is bright for Japan's solar market. Bloomberg New Energy Finance expects new installations to the tune of another 30GW until the end of 2018. The buzz was clearly felt at Solarplaza's Solar Asset Management conference in Tokyo last week. But Japan has some unique opportunities and challenges when it comes to installing solar PV.
Exciting news at 3megawatt: After winning in March the prestigious Red Herring Award (top 100 most promising technology startups in Europe) just last month, another award confirms its excellence in innovating. This time 3megawatt wins the EuroCloud 2016 "Best Cloud Service for Vertical Markets" award.
Starting company is a daunting and highly demanding venture to undertake, no matter the size of your company. But a lot has changed in the start-up world in the last 20 years. Before you start a business to day, there are plenty of possibilities to practice before you jump in. Depending on what you plan to do, setting up a new business activity will require just a fraction of the start-up capital compared to what it used to. Read about the "Dry Run", why "Start-ups are Cool" and the "World is your Talent Pool"...
3megawatt, a software solution provider offering a cutting-edge asset management platform for the renewable energy industry, has been selected as a winner of the 2016 Red Herring Top 100 Europe award. The Red Herring Top 100 is a prestigious list honoring the year’s most promising private technology ventures from the European business region. This award recognizes 3megawatt’s position as a leading software solution provider for the renewable energy industry.
Datasets from multiple sources allow PV power plants to be monitored more closely than ever before, but how best to use this data is another ball game. In the most recent issue of PV Tech, Edmée Kelsey and Gwendalyn Bender look at how data should best be stored, managed and mined for effective solar asset management.
It was standing room only during some sessions at this year’s conference. More than 400 attendees gathered to learn about the latest trends and insights in solar asset management and O&M. Now in the 3rd year running, the conference seems to continue to pick up steam.
One of the most common questions we get at 3megawatt is: “When is it the right time to implement a software solution to take care of all areas of your asset portfolio?” The short answer is: “before it’s too late!” As vague as this sounds, there are a number of ways to avoid reaching a ‘disaster’ point that could impact on your asset management results.
As solar becomes more popular across all markets, there is a growing expectation that these systems will perform past their 25-year warranties. Therefore, operations and maintenance (O&M) has become less of a fad and more of a requirement on projects large and small—residential to utility-scale—to ensure maximized efficiency of installed systems. Join us in a special 1-hour presentation that gives tips for post-installation success: how to correctly install systems, identify issues and fix them before they become major problems.
The solar market has been growing at breakneck speed and the predictions for the future are getting growing bolder by the day. However today it is not just the project developers, hardware manufacturers, EPCs and banks and who are keeping busy supporting the solar industry’s growth.
Regardless if the sun shines or does not shine, the banks want to receive their debt service in time. And the PPA off taker wants their guaranteed solar energy delivery as scheduled. All the investor cares about at the end of the day is receiving the returns on investment they expect. And someone has to ensure that this happens.
Edmee Kelsey, CEO of solar asset management company 3megawatt, talks with Solar Power World editor Kelly Pickerel about the latest trends in asset management and why solar project owners would benefit from partnering with a knowledgeable company.
An important task of the solar asset manager is to monitor the overall performance of the generating asset. Often they have outsourced the live performance monitoring to a third party O&M provider. This O&M provider will typically send the PV asset manager monthly or weekly performance reports.
But PV asset managers increasingly want timely access to the performance data of their portfolio. And they want it at their fingertips. Sometimes they are frustrated with the time lag between actual generation and the outsourced reporting. But mostly they need timely data to produce their own internal management and financial reports.
So what do PV asset managers do today to get timely access to consistent data across their entire portfolio?
The dust has settled. After a crazy whirlwind of activities, all the project documentation has been signed minutes before midnight. The solar project has been built despite all the roadblocks on the way. It is now operational and connected to the grid, just before any imposed deadlines. The sun is shining and PV plant is producing as planned and everything is fine. Time to relax and collect the cash flows for the next 20 or 25 years?