Kaiserwetter honored with SAP Innovation Award 2020
Hamburg (renewablepress) - For the innovative implementation of artificial intelligence to strengthen sustainable investments, the German company Kaiserwetter Energy Asset Management is awarded with this year’s SAP Innovation Award in the category “Technology Disruptor”. The category honors companies which implement intelligent technologies to drive innovation and develop a next-generation proof-of-concept application.
Kaiserwetter utilizes the Internet of Things and Artificial Intelligence to combat climate change globally. Employing data intelligence, climate protection becomes faster, more efficient and less risky. This is particularly mirrored through Kaiserwetter’s flagship product ARISTOTELES. The cloud-based IoT-platform enables to minimize investment risks in renewables while maximizing returns. To do so, large sets of technical and financial data from wind and solar energy installations are aggregated, structured and analyzed. On the platform itself, these analyses are enriched with information from external sources such as meteorological and soon, electricity market data and are translated into key performance indicators (KPI) and dashboards. As a result, even for large global portfolios, investors, asset owners and financing banks have the opportunity to grasp and determine their portfolios’ operative and financial status, current and future returns, the degree of potential performance s, as well as emerging challenges regarding investments and loans granted.
The integration of artificial intelligence, particularly machine learning, within the ARISTOTELES platform enables a predictive analytics approach that allows for an early detection of operative risks and potential technical failures before becoming effective. On this basis, the future performance of renewable energy installations can be precisely forecasted. With this new level of transparency, investors and financiers can immediately react to new developments and redefine their own investment strategies based on the aggregated data.
SAP, market leader in cloud-based business software, is presenting the Innovation Award for the seventh time. From more than 260 applications, an international jury of internal as well as external experts, thought and opinion leaders selected 20 winners that use SAP's digital enterprise solutions in the most productive way to strengthen the economy through digital technologies.
Hanno Schoklitsch, CEO of Kaiserwetter: "Our digital innovations make it possible to boost investments in renewable energies worldwide, thus effectively combat climate change. Achieving the Paris climate targets is essential. Only by using IoT and AI can we respond effectively and immediately to this global challenge. The SAP Innovation Award not only recognizes our technical achievements, but also acknowledges our contribution to the global energy revolution.”
About Kaiserwetter Energy Asset Management GmbH
Kaiserwetter is an IntelliTech company in the renewable energy industry. The company relies on its data intelligence that results from its Data Analytics as a Service (DAaaS) offer to convince investors to invest more heavily in renewable energy in an effort to accelerate investments in emission-free energy production worldwide. This is a main precondition for meeting international climate goals. Kaiserwetter's digital product suite encompasses the multiple award-winning cloud-based IoT platform ARISTOTELES. It relies on smart data analytics, predictive analysis and machine learning to minimize investment risks, maximize return and reach maximum transparency. IRIS is Kaiserwetter's online-based analytics machine that allows for a detailed analysis of a facility's status and potential. It gives clients quick insight into the current state of their assets.
ZULU, the company's third digital innovation, is the world's first online service configurator. It allows clients to freely combine service modules for the technical and financial management of their renewable energy facilities, which will increase performance transparency and decrease costs.
Kaiserwetter offers its specialized digital services to all stakeholders worldwide as part of their investment process throughout the entire investment cycle. Kaiserwetter's clients include investment funds, private equity investors, infrastructure funds, banking institutions, insurance companies, supranational organizations, rating agencies and utilities. Established in 2012, the company has its headquarters in Hamburg and offices in Madrid and New York and is currently set to expand into China and India.
For additional information about Kaiserwetter, please visit: www.kaiserwetter.energy
Hamburg, 05 May 2020
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