Clean Energy Technology ( Solar Thermal Magazine)
Locus Energy, has been named a 2015 Bloomberg New Energy Pioneer for its innovative solar software and analytics. Locus was one of ten companies chosen to receive this year’s prestigious award, which identifies game-changing companies in the field of clean energy technology and innovation.
Locus Energy is helping to drive the rapid growth of solar PV energy generation by providing real-time monitoring and analytics intelligence tools to stakeholders in the residential, commercial and utility-scale PV markets. Locus’ platform supports solar developers, asset managers, owners and financiers in managing their sites, maximizing energy yields and minimizing operating costs while also reducing operational risk.
“At Locus we are honored to receive this award recognizing our work in providing fleet and asset managers with the sophisticated tools that they need to manage large numbers of installations, maximize energy yields and minimize operating costs and risk,” said Michael Herzig, CEO of Locus Energy.
As solar becomes a larger portion of overall generating capacity, our tools will increase in importance due to stakeholder focus on maximizing system output over the lifetime of their PV assets.
Locus has grown rapidly, with more than 500 customers and one of the nation’s largest solar performance data sets of more than 50 billion rows of data. This wealth of solar data provides the foundation for Locus’ advanced analytics solutions, including a reverse-simulation performance analysis and a highly-accurate satellite-derived irradiance engine. In the residential solar market, Locus has been named the nation’s largest independent solar monitoring provider.
Each year a panel of industry experts from, academia, corporations, utilities, finance and technology incubators, selects ten New Energy Pioneers for their innovative technologies, increasing momentum, and potential for global scale. Past New Energy Pioneer winners include OPower, Tendril, Building IQ, BrightSource and LanzaTech.
Michael Wilshire, Head of Analysis and New Energy Pioneers Committee Chair at Bloomberg New Energy Finance says:
Our New Energy Pioneers program seeks to recognize innovative companies that have the potential to impact the future energy landscape. As the growth of solar accelerates, companies need to collect and manage large amounts of data in order to optimize performance of PV installations. Locus Energy addresses this need by providing a software and analytics platform that monitors PV plants, from residential to utility-scale, pinpointing the source of any problems.
Example project using Locus
This 1.9 megawatt solar farm in West Bridgewater, Mass., is among the largest projects in the state. Heliovaas, the project developer, will leverage Locus’ platform to monitor the seven-acre array, which will primarily power schools and municipal buildings. The solar farm is expected to provide the town with approximately $1.5 million in energy savings over the next 15 years.
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.