PowerUQ, a photo voltaic era uncertainty evaluation software program platform, introduced a partnership with Terabase Power, makers of the PlantPredict photo voltaic vitality modeling platform. The settlement makes PowerUQ’s Monte Carlo-based uncertainty engine out there as an extension throughout the PlantPredict ecosystem. Now, owner-IPPs, financiers, unbiased engineers and asset managers can quantify project-term era threat at each stage of the venture with out leaving their current workflow.
“The business has been treating uncertainty analyses as an afterthought for years, and the monetary penalties are substantial and actual. Quantifying uncertainty isn’t only a compliance train, it’s a aggressive edge. This integration places the repair instantly inside the fashionable cloud-based workflows venture groups already use,” mentioned Chetan Chaudhari, CEO of PowerUQ.
The partnership addresses a long-standing hole in how the photo voltaic business evaluates project-term system efficiency. Together with elements comparable to availability and curtailment, this hole has led to several reports of underperforming photo voltaic portfolios, leaving roughly $100 million per gigawatt of worth in danger. Standard yield uncertainty evaluation depends on a easy approximation for uncertainty in climate, tools efficiency and the grid that might systematically mis-estimate the vitality estimates utilized in pro-forma. PowerUQ, together with a high-fidelity plant design and bankable vitality reference from PlantPredict, tackles this drawback by simulating tens of millions of era eventualities. Leading to a statistically rigorous basis for calculating venture IRR and monetary structuring metrics.
“This partnership is strictly what an open, cloud-based platform ought to allow: two specialised instruments working collectively to provide the business one thing neither may supply alone,” mentioned David Speildenner, Director of Gross sales, PlantPredict by Terabase Power. “Desktop software program was by no means constructed for this type of collaboration. The companies that embrace these built-in workflows now are those who could have a head begin, as a result of the aggressive benefit of recent know-how solely compounds over time.”
The PowerUQ extension is obtainable now to PlantPredict users.
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