Renewable Energy and IoT: Market Insight

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By Kateryna Dubrova | 3Q 2021 | IN-6279


Next Stop- Analytics and ML


For the past decade, the attention and slow transition to cleaner energy sources stimulated the development of the renewable energy domain. The large local farms, windmills across the sea, and biothermal electricity production have become a new reality. Knowingly that all the equipment, even the most advanced, needs a thorough maintenance, the renewable energy market is experiencing rapid sensorization of the grid infrastructure to add the "smart component" and maintain and monitor the assets through advanced analytics and machine learning (ML). ABI Research sees a few analytics vendors coming to the renewable energy market to flex the knowledge and advantages of the analytics and ML functionality for the renewable energy market.

There is daily news about investment in the artificial intelligence (AI)/ML application and powered Software-as-a-Service (SaaS) for sustainability and cleantech—it will be the next hot market. In August 2021, Kevala's Assessor Platform, a newly emerging start up in collecting, processing, and analyzing data from energy grid infrastructure, s…

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