PowerUQ, a solar generation uncertainty analysis software platform, announced a partnership with Terabase Energy, makers of the PlantPredict solar energy modeling platform. The agreement makes PowerUQ’s Monte Carlo-based uncertainty engine available as an extension within the PlantPredict ecosystem. Now, owner-IPPs, financiers, independent engineers and asset managers can quantify project-term generation risk at every stage of the project without leaving their existing workflow.
“The industry has been treating uncertainty analyses as an afterthought for years, and the financial consequences are substantial and real. Quantifying uncertainty isn’t just a compliance exercise, it is a competitive edge. This integration puts the fix directly inside the modern cloud-based workflows project teams already use,” said Chetan Chaudhari, CEO of PowerUQ.
The partnership addresses a long-standing gap in how the solar industry evaluates project-term system performance. Along with factors such as availability and curtailment, this gap has led to several reports of underperforming solar portfolios, leaving approximately $100 million per gigawatt of value at risk. Conventional yield uncertainty analysis relies on a simple approximation for uncertainty in weather, equipment performance and the grid that could systematically mis-estimate the energy estimates used in pro-forma. PowerUQ, along with a high-fidelity plant design and bankable energy reference from PlantPredict, tackles this problem by simulating millions of generation scenarios. Resulting in a statistically rigorous foundation for calculating project IRR and financial structuring metrics.
“This partnership is exactly what an open, cloud-based platform should enable: two specialized tools working together to give the industry something neither could offer alone,” said David Speildenner, Director of Sales, PlantPredict by Terabase Energy. “Desktop software was never built for this kind of collaboration. The firms that embrace these integrated workflows now are the ones who will have a head start, because the competitive advantage of modern technology only compounds over time.”
The PowerUQ extension is available now to PlantPredict users.
News item from PowerUQ
