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Data Management Using Renewable Power Market Analytics Tools

Discover How ZEMA Platform Helps Analyze and Manage Huge Volumes of Data

Considering the serious risks global warming poses to different industries, renewable energy production has been on the rise. Renewable energy sources like solar energy, wind energy, hydropower, geothermal energy, and biomass energy are natural resources that help contribute to a greener, sustainable future.

However, renewable energy sources are highly volatile. While the wind and the sun can’t be controlled, natural gas serves as the base load for a constant power supply. This way, renewable resources can meet demands when they’re at their peak.

This is where technology comes in.

Do more with your forward curves, manage risk and price volatility in the renewable energy and power markets with award-winning technology.

Leveraging Technology to Make Power Generation Predictions

Companies use advanced sensor networks to get highly granular information from solar panels and wind turbines. This allows them to make real-time predictions about power generation, thereby improving reliability and maintenance.

Machine learning and AI algorithms help predict power supply based on weather conditions and other relevant factors. This allows companies to make the most of renewable energy sources.

Machine learning can also help predict power needs when used in combination with smart metering. The algorithms may also be used to predict the amount of power that may flow back.

How Predictive Analytics Help

Data science for weather prediction proves helpful for renewable energy sources. With advanced analytics, energy companies gain valuable insights into managing wind, hydro, and solar energy sources. This also helps streamline day-to-day operations and management efforts.

Companies also enjoy greater productivity and efficiency by examining the cause and effect relationship among various variables using statistical models, data mining techniques, and machine learning tactics and predicting the amount of energy that can be stored or used in the power grid.

Predictive analytics offers accurate energy production forecasts. The main benefits include:

  • Operational efficiency optimization (it tells you about the possible machine breakdowns and glitches)
  • Extension of the life span of the renewable energy technology assets
Introducing ZEMA

ZEMA is an award-winning data integration and analytics platform offering end-to-end data management solutions to data-driven organizations in the renewable energy industry. This revolutionary platform makes it easier for businesses to understand and foresee business-related data.

With ZEMA, energy companies can enhance operation efficiency, reduce overall risk, and improve business outcomes.

ZEMA allows companies to enjoy improved accuracy with power and price forecasts. This helps streamline business processes and achieve greater ROI.

Data-Enabled Energy Transition

ZEMA is an award-winning data integration and analytics platform offering end-to-end data management solutions to data-driven organizations in the renewable energy industry. This revolutionary platform makes it easier for businesses to understand and foresee business-related data.

With ZEMA, energy companies can enhance operation efficiency, reduce overall risk, and improve business outcomes.

ZEMA allows companies to enjoy improved accuracy with power and price forecasts. This helps streamline business processes and achieve greater ROI.

How Renewable Energy Businesses Use ZEMA

The risk management and evaluation teams usually benefit from the ZEMA platform. Having access to unsurmountable data at all times, market risk users go through the application’s front-end and integrate it with their downstream systems.

ZEMA boasts an incredible data ecosystem of over 1400 data sources. Through this platform, businesses in the renewable energy industry can leverage predictive analytics and data-driven market knowledge to improve trading, risk management, and business decisions.

What Will You Get with ZEMA?

• Multiple ways to access data
• Data access in real-time
• Fast data response
• Ability to run complex analytic
• Hassle-free access to a library of market data, weather data, and other data sources
• Third-party integration with other technology, such as ERP, SAP, ETRM Systems, Snowflake, Salesforce, Tableau, Tibco Spotfire, and PowerBI

All in all, ZEMA provides centralized access to data in the cloud and ensures high-quality data is provided to customers on-demand, regardless of their purpose and location.

How Can You Set Up ZEMA for Your Energy Business?

Setting up of ZEMA platform depends on your business requirements, data needs, number of users, the type of solution you need to devise, and what integrations are necessary.
From the following deployment options, you can choose one that suits your resource availability and budget best.

ZEMA as a Service

This option allows you to seamlessly integrate and access data with your BI tools. Learn more.

ZEMA On-Premise

With this option, you can use your own IT infrastructure to connect your people, data, processes, and third-party systems.

ZE Cloud and Hosted Services

With ZEMA, we offer a fully hosted and managed solution on our cloud-based data center that’s managed by our data experts.

Managed Services

Our team provides a range of monitoring and technical services to help your organization make the most of ZEMA installation and achieve success in the cloud.

Have any questions?

Talk about your needs for data management in power, utilities, and renewable energy industry with our expert now.