Solarlytics provides the BOOST Platform, an IoT solution that normalizes string imbalances in large solar installations to enhance energy production by 3-10%. This technology addresses the issue of underperformance in solar plants, which typically fall short of production targets by an average of 8%, resulting in significant lost profits.
Funding
Funding not disclosed
Founders
Product
Problem
Large solar power plants commonly underperform, falling short of energy production targets by an average of 8%, leading to significant financial losses for asset owners. Diagnosing the causes of underperformance, such as string imbalances, shading, or equipment issues, is challenging due to limited visibility into granular plant data.
Solution
Solarlytics offers the BOOST Platform, an IoT solution designed to maximize energy production in large solar installations. The platform utilizes an IoT power device that normalizes string imbalances, addressing a key factor in solar plant underperformance. By collecting uninterrupted string-level data and transmitting it to Solarlytics' cloud engine, the platform provides precise underperformance reports, pinpointing the location of issues such as shading or damaged panels. This enables asset owners to optimize plant performance, reduce downtime during inverter replacements, and achieve a 3-10% net energy gain.
Target Audience
The primary target audience includes owners and operators of large-scale solar power plants seeking to optimize energy production, reduce operational costs, and extend the lifespan of their assets.
Features
- IoT power device for normalizing string imbalances in solar arrays
- Uninterrupted string-level data collection and transmission to the cloud
- AI-powered cloud engine for analyzing data and generating underperformance reports
- Precise identification of issues such as shading, damage, and voltage variations
- Mobile device access to real-time output and performance data
- Seamless inverter replacement without restringing