Macquarie Picks Prescinto’s IIoT Platform for Monitoring Solar Assets

Monitoring and analytics platform provider Prescinto Technologies said that Stride Climate Investments, a Macquarie Asia Infrastructure Fund company, has adopted it’s IIoT-based platform to oversee the technical performance of its dynamic solar portfolio.

Macquarie is an Australia-based global asset company with USD 600 billion asset under management and an operational fleet exceeding 408 MW of solar projects in India.

It will leverage Prescinto’s platform for actionable intelligence. This platform is vendor and hardware agnostic and cloud based. It will fetch data from solar plants, visualize it and give insights to improve performance. Prescinto will serve as a single source of truth for Solar Energy data across 21 projects for Macquarie.

Commenting on the development, Rajeev Sharma, Chief Operating Officer at Stride Climate Investment said, “we have projects with some of the best tariffs in India. We believe in using technology to further optimize performance of our solar projects. After a thorough exercise of evaluation of Indian and international players, we selected Prescinto to monitor and analyze data from our projects.”

“Our vision is to unlock the true potential of people and assets through actionable intelligence using our deep understanding of the Clean Energy domain and technology. Prescinto is able to fetch data across equipment and databases, sanitize the data and use data science to suggest insights and actions to improve performance across 5,000 MW of projects globally. We are excited to be a part of Stride Climate Investment’s digital transformation journey,” said Puneet Jaggi, Founder and CEO at Prescinto.

Macquarie - and its managed funds - is one of the world’s largest investors in renewable energy having invested or arranged more than AUD 20 billion of investment into renewable energy projects with 12,800 MW in operation or under management globally.

Prescinto has been chosen to support Macquarie’s technical asset management functions. Through its user-friendly platform, the company facilitates the early identification of issues leading to asset downtime and losses, offering Macquarie a complete list of identified issues to focus on in the technical management of its portfolio.

Prescinto IIOT platform has been designed for vendor independent connectivity & provides real-time insights for Solar photovoltaic (PV) plants. In contrast to conventional systems, Prescinto’s patent pending technology buckets losses into downtime, soiling & systemic loss & immediately converts each loss into actionable job ticket along with projected gains. With a present client base from 14 countries & handling a portfolio of 5000+ MW globally, Prescinto is now expanding into wind and energy storage.