Raptor Maps, a leading asset health management platform in the solar industry, has unveiled its sixth edition of the Global Solar Report, shedding light on the significant revenue loss within the worldwide solar sector. The report underscores the pressing issue of underperformance among solar assets, revealing a staggering $4.6 billion annual revenue loss attributed to equipment-driven anomalies.
Global Solar Revenue Underperformance
According to the report, the incidence of equipment anomalies on solar farms surged from 3.13% to 4.47% year-over-year, amplifying revenue loss across the industry. Drawing insights from data sourced from 125GW of PV systems across numerous solar sites, the findings underscore the critical need for addressing asset underperformance amidst the exponential growth of the solar market.
Raptor Maps CEO and Co-founder, Nikhil Vadhavkar, emphasized the pivotal role of the solar industry in advancing climate goals, noting the sector’s indispensable contribution to achieving a 1.5°C trajectory. As the industry sets its sights on the 10 terawatt milestone, Vadhavkar stressed the imperative of leveraging technology to optimize asset management and ensure long-term investability.
Technological Solutions for Solar Optimization
With solar energy increasingly becoming the cornerstone of the clean energy transition, the report highlights the growing reliance on autonomous systems for sustainable growth. Eddie Obropta, CTO and Co-founder of Raptor Maps, emphasized the significance of digital twins and AI-driven solutions in addressing labor constraints and enhancing power production efficiency.
Raptor Maps recently introduced an AI tool, Instant Inspections, designed to expedite the detection and categorization of thermal anomalies by up to 99% faster than conventional aerial inspections. This technological advancement aims to streamline operations, improve asset performance, and bolster financial returns for solar asset owners and operators.
About Raptor Maps
Raptor Maps is at the forefront of solar asset health management, providing AI-powered solutions to address critical challenges in the industry. With a focus on optimizing performance, scaling operations, and ensuring financial viability, Raptor Maps empowers stakeholders to navigate the complexities of the rapidly expanding solar market. Leveraging advanced analytics and a wealth of PV system data, Raptor Maps is committed to driving efficiency and sustainability in the solar energy landscape.
Source：businesswire.com
