LO3 Energy deploys software to maximize renewable assets
LO3 Energy, an Oregan-based cleantech company, has installed its Pando platform to optimise renewable energy production in New South Wales, Australia.
Pando software enables suppliers and clean energy operators to support 24/7 load matching and offer incentives to drive renewable energy use.
LO3 Energy installed the platform to optimize renewable energy production at a commercial shopping centre in New South Wales, Australia.
The project is supported by Solar Bay, an Australian renewable energy fund, which manages the site’s solar assets and supplies electricity to tenants.
The platform integrates kWh measurements from multiple metering original equipment manufacturers (OEMs) with complex retail rates and pricing. This aims to accurately account for PV production and usage at Australia’s five-minute interval requirements.
Have you read:
SparkMeter to grow advanced metering solution in emerging markets
Stedin to deploy blockchain energy asset management solution
Wrap up: Asset management for System Operators: the growing challenges and the rise of AI opportunities
The software accounts for existing contractual offtake terms to reconcile solar usage and production into the building’s existing accounting. This then eases integration with the facility’s energy planning.
“We’re happy to partner with Solar Bay to provide them the tools to maximize the value of their solar assets,” states Bill Collins, CEO of LO3 Energy, in a statement.
“Solar Bay has already demonstrated a commitment to bringing renewable energy to the site and Pando is helping them make full use of both new and existing solar assets.”
James Doyle, Solar Bay Investment Director, also commented, “Pando (…) condenses what used to be several different metrics into one easy-to-understand interface.
“We have fine-tuned metrics and visualizations of our energy usage in both absolute and financial terms. LO3 Energy has provided us with the means to encourage the shopping centre’s tenants to take even greater advantage of the building’s solar assets to increase their renewable usage.”
