Altair SmartCore™ Enhances Energy Performance and Profitability for UNATEC
Technology Category
- Analytics & Modeling - Predictive Analytics
- Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries
- Electrical Grids
- Renewable Energy
Applicable Functions
- Maintenance
Use Cases
- Energy Management System
- Movement Prediction
About The Customer
Unatec is a company with over 10 years of experience in energy solutions consulting. The company works with the largest utility companies in Spain and has launched Energy Smart Generation, its own solution for small and medium renewable energy producers. These producers typically operate and maintain small- and medium-sized power plants for solar and wind energy. Unatec partners with Altair SmartCore to create Smart Grids, aiming to improve energy management and profits. The company decided to rely solely on Altair SmartCore as a core element of their technology stack.
The Challenge
Unatec, a company with over a decade of experience in energy solutions consulting, was grappling with the challenge of controlling costs and improving production for energy producers. The company recognized that uncontrolled costs and inaccurate predictions could significantly reduce profits, potentially leading to losses. The energy generation and management sector, if not optimized, can severely impact economic results. Profits can be dramatically diminished and losses can even be incurred if costs are not closely controlled or production is not predicted accurately. Furthermore, many countries have started to dramatically reduce economic subsidies for production and have introduced more regulations. In some cases, it is even mandatory for energy producers to optimize energy management to increase profit and avoid sanctions and penalties.
The Solution
Unatec partnered with Altair SmartCore to create Smart Grids and improve the performance and profitability of renewable energy companies. The Altair SmartCore platform was implemented within 6 months, allowing Unatec to save significant money in development costs. The platform includes multiple prediction models comparison, smart metering system deployment, extended production prediction capabilities, customized KPIs tracked in real-time, and control of deviation and energy measurements. Unatec’s Energy Smart Generation platform uses different prediction services and compares them using Altair SmartCore's core to increase forecasting accuracy. The prediction model receives feedback to continuously enhance accuracy in the energy offering calculation. A customized set of KPIs is permanently tracked and displayed in real-time graphs to compare production with predictions and generate customized performance reports, budget tracking and plants comparison.
Operational Impact
Quantitative Benefit
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