What Is Streem Energy's Project?
Streem Energy is on a mission to automate the new clean energy value chain – a mission that really transforms the way energy is produced, exchanged, distributed, and consumed using precise data models. The company helps energy professionals optimise every step of the process, ensuring that data from renewable sources is not only accurate but also actionable. This data hub for monitoring, forecasting, and management of distributed energy assets is built with a clear focus: to reinvent renewable asset management and provide innovative SaaS solutions for an increasingly distributed power market. It’s a dynamic approach that brings together expertise in artificial intelligence, interface design, and a deep knowledge in renewable energy generation and power market mechanisms.
Main Benefits and Key Figures
The project is designed to deliver a fully integrated suite of data services, and its benefits can be summed up in a few key points:
- Real-Time Monitoring: Product Monitoring connects all assets in real-time with plug & play aggregation of your generation and consumption metering data.
- Accurate Forecasting: Product Forecasting uses proprietary predictive models and high-performance forecasting models specifically for renewable generation and consumption.
- Efficient Pricing: Product Pricing estimates renewable asset prices for post-subsidy markets, simulating generation and managing profile risk.
- Integrated Data Workflow: Designed for data-oriented people, the platform enables the integration of Streem data and models into custom workflows and systems via a powerful, easy-to-use API.
Technology Integration and Data Hub
At its core, the platform acts as a comprehensive data hub. It brings together everything required to supervise and commercialise renewable energy portfolios – from monitoring distributed assets to refining commercial strategies. The integration doesn't stop there; it connects seamlessly with existing tools such as SCADA, hypervision systems, ERP and accounting software, BI tools, spreadsheets, and even data lakes. It’s a one-stop solution that lets energy professionals plug in their assets effortlessly, ensuring that data flows dynamically and accurately across all systems, almost like magic… a true data-driven revolution.
Innovation Awards and Recognition
Innovation is fuel for progress, and Streem Energy has received recognition for its trailblazing efforts. The platform has been awarded the Solar Impulse Foundation’s Efficient Solution Label – a prestigious endorsement that recognises world-leading technologies which protect the environment in a profitable way. This accolade not only validates the technology behind the project but also highlights its potential to drive significant environmental impact, making it a standout solution in the renewable energy industry.
Customer Stories and Operational Efficiency
Customer experiences provide firsthand insight into the practical benefits of the platform. One notable success story describes how Streem simplifies complex operations amidst evolving and diverse energy offtake contracts, particularly in regions like France. This efficiency in managing multifaceted energy contracts is a testament to the platform's robust capabilities, delivering clarity and reducing operational strain. It has become an essential tool for a varied clientele that includes renewable energy producers, power aggregators, balancing responsible parties, suppliers, multisite consumers, and even prosumers – each benefiting from the seamless flow of accurate data and actionable insights.
Project Impact on the Renewable Sector
- SDG 7 – Affordable and Clean Energy: By optimising the production and distribution of renewable energy, the project directly supports access to affordable, clean energy for all.
- SDG 9 – Industry, Innovation and Infrastructure: The integration of AI and advanced data models fosters innovation and strengthens the infrastructure needed for a modern, sustainable energy industry.
- SDG 13 – Climate Action: With its focus on renewable energy and efficient asset management, the platform plays a key role in reducing carbon footprints and combating climate change.
- SDG 12 – Responsible Consumption and Production: By automating and streamlining energy commercialization, it contributes to responsible production practices and improved resource management.
The Future of Renewable Energy Data
Looking ahead, the project is set to redefine the future of renewable energy data management. The seamless integration of monitoring, forecasting, and pricing tools creates a harmonious ecosystem where every asset, every data point contributes to a smarter, more sustainable energy network. Energy professionals can now navigate the complexities of the distributed power market with enhanced accuracy and foresight – all thanks to a platform that takes the burden of manual data aggregation off their shoulders. With innovative technologies and a forward-thinking approach, the platform continues to evolve, promising even more dynamic capabilities and deeper insights for the future of clean energy. It is a prime example of how technology not only meets today’s energy demands but also builds a resilient foundation for tomorrow’s energy landscape.
