UK-based power start up Senseye has invented new software that can help solar businesses to assess the future of their assets as well as reduce operations and maintenance costs by 20%.

The technology is inspired from aerospace and defence industries. It is intended to assist the renewable energy firms by enabling them to share accurate revenue forecasts with their financiers.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The software will also assist in evaluation of equipment performance, which can be helpful in avoiding sub-optimal conditions and maintenance problems.

Senseye CEO Simon Kampa said: "Accurate predictive software has been used for over ten years in the aerospace industry. Unfortunately, it’s expensive and complex, requiring exceptionally well-trained data scientists to drive it.

"The simple-to-use prediction software that Senseye is developing will allow businesses to do things like forecast when equipment will fail."

"We’re changing that with Senseye, by giving the renewable energy market predictive technology that people can use without a background in data science and for less than the cost of a solar panel".

UK-based low-carbon economy proponent Future Solent’s Green Growth programme manager Richard Hall said: "The kind of technology used in Aerospace to improve business efficiency, predict faults and achieve a 20% overall cost saving has until now been too expensive for Solar Farm owners and operators to consider.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"The simple-to-use prediction software that Senseye is developing will allow businesses to do things like forecast when equipment will fail and what their revenues are likely to be so that they can plan more efficiently and get the most from their assets".

Senseye is offering the software on trial on a first come-first serve basis.