What’s Needed for an Effective Renewable Energy Management Solution (REMS)

Energy and utility companies are under constant pressure to decarbonize and electrify, and though this may be disruptive for operations (while being kind to the planet), the fundamental nature of electrification is that it can be easily digitized and monitored, and therefore productized. Octopus Energy in the U.K. is one of many renewable energy companies that have introduced home appliances for monitoring and maximizing energy usage. This trend toward digitization has also led to the development a new breed of solutions for managing renewable energy. As Gartner® explains in the Gartner Market Guide for Renewable Energy Management Solutions report, “Energy companies that own and/or operate utility-scale renewable assets use renewable energy management solutions (REMS) as a set of modular functions deployed on a scalable platform. REMS manage and optimize [renewable energy] production, operations and maintenance across assets, sites, and portfolios.

Given the variable capacity factors of these assets, REMS orchestrates numerous data inputs through integration, including the as-built composite digital twin, operational and condition data, and near-real-time environmental and weather forecasts to maximize generation for any operational strategy.”

Read more in https://www.datamanagementblog.com. Originally published on April 23, 2024.