By Julia Ponzini, SAP Customer Marketing
It was at the 21st Conference of Parties (COP21), when history was made as nearly the entire world signed the landmark Paris Climate Agreement to counter climate change. Since that 2015 agreement, COP21 has been the most significant business-focused event driving sustainable development and advancing the “green economy.”
Renewable energy leader Kaiserwetter Energy Asset Management of Germany was driven by the COP21 agreement and has since revolutionized investment in zero-emission energy. They accomplished this by utilizing SAP technology to create an IoT Platform, capable of early failure detection within wind turbines, inter alia.
How Data is Driving Renewable Energy
Established in 2012, Kaiserwetter serves investors, financing banks, and governments within the renewable energy field – offering specialized data analytics as part of their investment process throughout the entire investment lifecycle.
Generating easily understood and actionable intelligence for its customers, Kaiserwetter uses IoT for harnessing, aggregating and structuring continuous, decentralized and diverse data from a wide-range of renewable energy assets and third sources, such as meteorological or electricity market related data. It is the company’s mission to pave the way for investing more heavily in renewable energy and accelerate emission-free power generation worldwide.
With the ambitious goal of catalyzing investment in renewable energy, Kaiserwetter knew investors needed to take their ventures to a global scale. Investing in renewable energy comes with risk, but what if there was no risk?
“One of the most important questions of our clients, such as investors or financing banks, used to be how are we going to minimize the investment risk?,” said Hanno Schoklitsch, CEO and founder of Kaiserwetter. “Our answer is ɅRISTOTELES with its unique IoT and Data Intelligence capabilities.”
What is ɅRISTOTELES?
With climate change being an ongoing issue, Kaiserwetter knew it needed to continue to advance