Masdar and Presight to launch AI tool for managing assets globally
Author: PPD Team Date: October 17, 2024
UAE-based Masdar has teamed up with Presight to create an AI-driven asset management tool aimed at optimising its global renewable energy projects.
The tool will leverage big data analytics and generative AI to process billions of data points generated by Masdar’s solar panels and wind turbines. This collaboration seeks to enhance operational efficiency, predict maintenance needs, and boost renewable energy production by shifting from reactive to predictive maintenance strategies.
Presight CEO Thomas Pramotedham emphasized the potential of the tool to improve energy supply by merging clean energy with the grid more efficiently. Masdar CEO Mohamed Jameel Al Ramahi highlighted the integration of AI as a significant economic opportunity for enhancing clean energy operations and driving data-driven decision-making. The tool is expected to revolutionize how Masdar manages its assets and maintains equipment efficiency, further supporting its efforts in a low-carbon future.
In September 2024, Masdar also announced plans to acquire Saeta Yield from Brookfield Renewable for an enterprise value of $1.4 billion.
Image Credit: Masdar