Wood Mackenzie, a Verisk enterprise, welcomes Canadian Solar as a growth accomplice for its Lens choice intelligence platform, which delivers reside knowledge throughout the commercial landscapes of each international financial system.
The platform helps corporations quickly visualize, worth, mannequin and optimize energy belongings, portfolios and firms. Integration of renewable and standard power sources in a single interface, drawing from Wood Mackenzie’s industrial intelligence on the world’s pure assets sector, transforms how Lens Power clients drive funding technique choices and ignite development plans.
“Battery storage capacity and hybrid solar-storage are on steep growth trajectories, as organizations look to capture the energy produced from renewable technologies to meet peak demand for electricity,” states Joe Levesque, co-president for Wood Mackenzie. “Canadian Solar is an important development partner for us, as it is in a unique and specialized position as a solar PV manufacturer and a large-scale solar and energy storage project developer. The insights its team will provide will further support our delivery of key data in what is an increasingly high activity segment, at a time of significant pressure in others.”
“Energy storage technology will be a critical enabler of the solar PV market going forward,” says Dr. Shawn Qu, chairman and CEO of Canadian Solar. “Understanding the hybrid solar-storage project economics will give us a growth advantage to develop cost-effective, end-to-end integrated dispatchable solar energy solutions.”
Lens Power gives an built-in, 30-year view of world power markets provide, demand, value and energy worth forecasts alongside high-fidelity geospatial knowledge together with solar irradiance and transmission infrastructure. As Wood Mackenzie continues to combine real-time and historic nodal congestion and worth knowledge, Lens Power will present perception into greenfield website choice and asset optimization. Among Lens initiatives is Wood Mackenzie’s collaboration with early adopters to design a power answer that gives a holistic understanding of what’s occurring on the planet of energy, permitting organizations to enhance profitability and decrease danger.