Masdar has signed an agreement with data analytics outfit Presight to develop an asset management tool for its renewable energy projects around the globe.
Masdar’s renewable projects generate billions of data points every day from the equipment they use, such as solar panels, inverters and wind turbines.
This vast amount of data can be analysed and evaluated to generate valuable insights and enable data-driven decision making.
By developing an AI-based asset management tool, Masdar said it is seeking to digitise its operations worldwide, moving from a reactive model to a predictive approach where it can analyse data and operational patterns to anticipate issues in advance, enhance efficiency, address failures before they occur, reduce downtime, and ultimately boost energy production.
Through its agreement with Presight, it is applying the same innovative approach through the inclusion of AI technology to make its energy supply smarter.
Masdar chief executive Mohamed Jameel Al Ramahi said: “With our history of developing projects using cutting-edge clean energy technologies, it was a natural progression for Masdar to explore the potential for deploying AI across energy systems to enhance efficiency and deliver data-driven decision-making.
“The integration between AI and energy is a game-changing economic opportunity that will enable us to build a bridge to a low-carbon, high-growth future.
“We are pleased to announce this agreement between two UAE-based pioneers that will help to achieve this goal.”
Presight chief executive Thomas Pramotedham said: “Clean energy has a number of specific operational needs, from managing shifting supply throughout the day to efficiently merging with other forms of energy in the grid.
“As a global clean energy leader, Masdar generates billions of data points across its extensive portfolio.
“This partnership therefore represents a unique opportunity to develop a bespoke tool that consolidates all that information, uncovers hidden insights and takes action to improve efficiency, predict maintenance needs, and ultimately increase the supply of renewable energy.
“This will be transformational for the sector, and so I’m looking forward to seeing this collaboration progress.”