Ardian, a global investor in renewable energy, has partnered with leading software-as-a-service firms Greenbyte and Pexapark on a major upgrade to its digital asset management systems for its renewable energy portfolio.
Working directly with the teams at Greenbyte – a software platform designed to optimize renewable energy production across global portfolios – and Pexapark – a business that sets out to evolve the ‘operating system’ for post-subsidy renewable energy management – Ardian Infrastructure has set out to implement a future-proof end-to-end renewable energy monitoring online platform that will help it, and the management teams of its renewable platforms, to create additional value and monitor technical and market risks in tandem.
“Increasing exposure to the volatility of the ‘merchant’ power market is driving a fundamental shift in the way we look at and manage our portfolio for our investors,” said Mathias Burghardt, head of Ardian Infrastructure. “On the one hand, we need to place greater emphasis on optimizing production to extract as many megawatt hours of clean power as possible from our assets. On the other, we must build our energy sales and risk management best-in-class expertise to control and hedge our financial exposure and stay on top of market dynamics to capture the best windows of opportunity.”
Jonas Corné, CEO, Greenbyte, added, “Full transparency on asset performance is a hugely powerful tool, and Greenbyte gives Ardian and its management teams a means of creating accountability, not only with its own investors, but also with regional Operations & Maintenance (O&M) teams and Original Equipment Manufacturers (OEMs). This data will help Ardian incentivise performance and value creation activities across the portfolio, as well as hold other parties to account during contractual negotiations.”
Luca Pedretti, COO, Pexapark, concluded, “Ardian Infrastructure’s pioneering approach to building its arsenal of digital tools for post-subsidy energy sales and risk management is quickly setting it apart in the market. The Ardian team shows that, with the right ‘operating system’ in place, nimble renewable energy funds can reimagine their models to rival even the traditional utilities who benefit from decades of energy trading expertise.”