As solar PV and grid battery markets mature, so will data analytics.
Software that analyzes the complex interplay between solar PV, energy storage systems and customer energy use sounds like a great idea -- but is it something that companies are ready to pay for?
“We are starting to see an increased focus, not just on wanting analytics, but wanting to pay for analytics -- which is an important distinction. What’s driving this is that the stakes are high,” Michael Herzig, president and founder of solar monitoring company Locus Energy, said during Wednesday’s panel.
“The value of the securitization is a clear driver for paying for the data,” he said. “One of our customers literally guarantees one of its customers millions of dollars per system” based on the performance they predict for the system. “If analytics can give them 1 percent more accuracy, that’s a lot of money.”