In the race for clean energy to address the soaring costs of extreme weather due to climate change — $1.5 trillion in the United States alone ─ Kaiserwetter Energy Asset Management is leading the pack.
Headquartered in Germany, with offices in Madrid, New York, and soon Beijing, this data-as-a-service “enertech” company has launched a cloud-based IoT platform called ARISTOTELES. Showcased at the recent SAPPHIRE NOW and ASUG Annual Conference, its purpose is to convince banking institutions and other investors to fund local renewable and affordable energies, especially in emerging countries.
“One of the biggest challenges in the energy industry is bringing together supply and demand,” said Hanno Schoklitsch, CEO and founder at Kaiserwetter Energy Asset Management. “This one platform is the energy company of the future. Using real-time, IoT-based data, energy investment portfolio managers can maximize profits and minimize risk, and we can achieve the objectives of the Paris Climate Agreement.”
Designed as an executive-level dashboard, ARISTOTELES aggregates and correlates technical, meteorological, and financial data from wind farms, solar parks, biomass, and hydro power stations. It’s built on SAP Cloud Platform, and uses IoT, analytics, and machine learning capabilities from SAP Leonardo, epitomizing how both companies envision working together to address energy issues.
“We are driving innovation by bringing intelligence into business processes supporting investments in renewable energy across important emerging markets,” said Thomas Kaiser, senior vice president, IoT Application Enablement, SAP. “It’s not just about technologies like machine learning, blockchain, IoT, smart data analytics and Big Data mining. SAP Leonardo is about using these and other technologies to help customers solve their business problems.”
Follow the Money
Kaiserwetter’s co-innovation partnership with SAP began about three years ago, culminating in 2018 with ARISTOTELES winning multiple innovation awards, including the SAP Innovation Award. Schoklitsch is most excited about using smart data analytics to unlock private capital investments in renewable energies.
“We built this platform because when we thought about what was really needed to tackle climate change, the answer was capital,” he said. “Investors want less risk and strong returns. This platform delivers the transparency investors need to make confident decisions in renewable energies. It will foster universal access to affordable energy, which is especially needed in regions like Africa, Asia, and South America.”
Smart visualized graphics with drill-down options give investors the full picture of what’s going on in facilities like wind farms and solar parks. This includes production yield, revenues, cash flow, and trends. Algorithms based on SAP HANA predictive analytics combine this facility data with relevant meteorological information allowing investors to make better decisions for maximizing returns.
“We’re providing the ability to aggregate data from all over the world, and benchmark which equipment is working properly or not, and to make risk assessments on a local, regional or international basis so investors can make performance-based decisions,” said Schoklitsch. “By increasing investments in renewable energies, we can improve the lives of millions of people worldwide.”
Future plans include predictive data simulation analytics, energy storage optimization, blockchain, AI, and demand side power generation.
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