Sunday, November 3, 2024

Power Factors Unveils AI-Powered Asset Management on Unity

Power Factors, the leading renewable energy management suite (REMS) provider, is excited to announce the availability of Unity Asset Performance Management (APM) and Unity AI Insights, two groundbreaking applications designed to drive operational efficiency and performance optimization for renewable energy stakeholders across the asset lifecycle. These innovative products are available today and represent the next generation of renewable energy management, integrating the best capabilities from Power Factors’ proven APM products, Drive and Greenbyte.

Unity APM, a first-of-its-kind asset performance management application, and Unity AI Insights, an extension to Unity APM that boosts its powerful AI-driven analytics, sit atop the newly rearchitected Unity platform, the most scalable, secure, and high-performance renewable energy management platform to date. Built from the ground-up, Unity APM incorporates years of customer input and decades of industry expertise, ensuring that it meets the evolving needs of the sector. Together, Unity APM and AI Insights deliver faster onboarding to decrease time-to-value, lower total cost of ownership, improved availability, and reduced operating costs — all powered by a highly configurable and user-friendly interface.

“Unity APM and AI Insights are critical building blocks for the future of renewable energy management. As the industry becomes more competitive, success depends on the ability to leverage advanced analysis and automation to optimize performance,” said Julieann Esper Rainville, CEO at Power Factors. “These applications provide what leading power producers need to drive innovation, maximize efficiency, and secure their position in the market. We’re confident that Unity APM and AI Insights will empower our customers to stay ahead of the curve and set new benchmarks in renewable energy performance.”

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“The launch of Unity APM and AI Insights marks the beginning of a new era for our customers and the market,” said Abilash Krishnan, Chief Product Officer. “Yesterday’s technology won’t solve tomorrow’s challenges. That’s why we’ve developed these state-of-the-art products to empower renewable energy leaders across wind, solar, and battery energy storage systems (BESS).”

Benefits of Unity APM and AI Insights:

  • Spend more time on high-value performance analysis and less time managing data: Unity APM provides cleaned, validated data and offers features like automatic data backfill and streamlined manual interventions, enabling users to fully trust their KPIs.
  • Deliver fully optimized energy production: Identify factors contributing to energy and revenue loss in portfolios faster and more precisely, including notification of potential failures before they occur and detailed energy loss allocation to further inform optimization planning.
  • Maximize performance with intelligent event management: Unity APM maximizes generation and availability through fleet-level issue prioritization and logic-based event tracking, including predictive analysis of asset health to support resolving issues before they occur.
  • Make data-driven decisions to proactively address issues: Unity APM empowers users with AI-powered analytics, offering a library of calculations, advanced data visualizations, and leading the industry from diagnostic to predictive analysis.

SOURCE: GlobeNewswire

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