December 18 (Renewables Now) - Colombian power company Celsia SA will use advanced analytics tools by US company Innowatts to better understand the energy needs of its commercial and industrial (C&I) customers and improve its service.
In addition to helping Celsia expand its C&I customer base, the Innowatts eUtilty platform will also support a reduction of carbon emissions by optimising overall energy supply and procurement through accurate demand analytics and forecasting, and enabling the bundling of renewable power with grid power to expedite the adoption of rooftop solar, Innowatts explained for Renewables Now. The platform also identifies inefficient appliances or energy hogs.
Innowatts sees Latin American market as “a new frontier for smart grid technologies”. Energy companies in the region are expected to pour over USD 20 billion to build out smart grid and smart meter infrastructure by 2027. Colombia aims at 90% smart-meter penetration by 2030 in urban areas, while Costa Rica’s goal is even more ambitious -- 100% by 2025.
Celsia has 1.8 GW of hydro, thermal, solar photovoltaic (PV) and wind power generation capacity, and delivers 6,500 GWh annually to customers in Colombia, Panama, Costa Rica and Honduras. It has more than 5,000 current and prospective C&I customers.
“By enabling more accurate energy forecasting and real-time load analysis, Innowatts’ tools will help Celsia boost both total revenues and gross margin per unit generated, while also delivering more reliable, lower-cost energy to its C&I clients,” Innowatts said.