November 9, 2021 — Product News
How BluePoint helps Power Factors & Greenbyte users
The tie-up of Power Factors, Greenbyte and 3megawatt gives us a great opportunity to match the complementary strengths of our different platforms. In this article, we look at how 3megawatt’s BluePoint can give Power Factors users more oversight at assets.
Customer Success Manager
What’s the best thing about being a kid? If you’re anything like us, it’s getting to go over to your friend’s house to see what cool stuff they’ve got.
Now we may not be children anymore, but we know that feeling of excitement never truly leaves us. That’s just one of the reasons why we at 3megawatt are so delighted to have teamed up with Power Factors and Greenbyte. We’ve made a whole load of new friends overnight and we’re really excited to show you some of our cool stuff.
That’s where our BluePoint software platform comes in.
BluePoint is an asset management software solution that helps stakeholders manage daily tasks and maximize efficiency at their assets. Power Factors now offers this as part of the combined Power Factors, Greenbyte and 3megawatt product portfolio. In this article, we’re going introduce the key benefits of the BluePoint solution and how it can work seamlessly with Power Factors Drive and Greenbyte to give you the asset operating system you need.
A wide range of renewable energy stakeholders use BluePoint to manage day-to-day tasks at their wind and solar farms. By storing information about projects in a central location, BluePoint helps stakeholders to carry out tasks including:
Managing project contracts and tasks
Setting regulatory and contractual compliances
Recording information about the assets
Producing automated reports
Invoicing for power purchase agreements
Our customers don’t all use BluePoint in the same way, but that’s a strength that we see in the solution. It is flexible enough to respond to the needs of the different users – both a variety of company types, countries and the individuals at those companies – and can therefore support the collaboration that we need to run assets profitably.
BluePoint’s users include asset managers, fund managers and investors, as well as independent power producers, service providers and utilities. They are using BluePoint to manage over 45GW of assets, with a 50:50 split between wind and solar, as well as some energy storage and small hydro.
BluePoint versus Power Factors Drive and Greenbyte
The benefit of our group software strategy is that we can pair the strengths of the Drive and Greenbyte with those of BluePoint. We want to highlight five ways that the platforms differ from each other and can provide complementary services for users:
Asset monitoring: Drive and Greenbyte provide real-time asset monitoring with data analytics. By contrast, BluePoint has an API that draws data from Drive and Greenbyte but its focus is more on high level monitoring of assets for invoicing and reporting. BluePoint’s users tend to be focused on aggregating production and generation information for financial reporting and invoicing. BluePoint will help them to automatically produce invoices and financial reports based on this data.
Planning of activities: Drive, Greenbyte and BluePoint enable users to plan activities at their assets, but Drive and Greenbyte focus on the technical day-to-day jobs that related to the planning of the operation and maintenance of assets. Conversely, BluePoint’s focus is on all other activities that relate to the owner’s contractual, commercial and regulatory responsibilities.
Alerts: Drive and Greenbyte have alerts to tell users about physical problems at assets. In BluePoint, users will record major occurrences that cause loss of revenue, and this can then be automatically included in reports.
It is also possible to add notes, comments and photos to alerts in BluePoint. This will help users to log the status of an event or make a note of important information that might be needed, for example to help users with any insurance claims or discussions with subcontractors.
Asset setup: In Drive and Greenbyte, users rely on the integration team to set up their assets in the system and ensure the right data is being pulled in. In BluePoint, the process is easier, because users can manually add or import data about their own assets.
Portfolios: In Drive and Greenbyte, users can customize their portfolios, but for one technology type per portfolio. In BluePoint, users can create any type of portfolio to include any type of renewable asset, as it is needed for analysis or to be able to aggregate for reports.
Broadly, we believe this shows why Drive, Greenbyte and BluePoint are so complementary.
Whereas Greenbyte focuses on day-to-day operations and maintenance of projects, BluePoint looks more at the reporting and contractual side of projects. This will give users of each solution the combination of tools they need to run assets smoothly.
The future of BluePoint
We will of course be looking to converge our solutions to offer our users a seamless experience. We will also be continuing to develop new exiting functionalities for the BluePoint solution.
If you want to know more about how BluePoint could complement your existing Drive or Greenbyte solution, please do not hesitate to contact us. We will be very pleased to show you how our customers successfully manage their activities with the combination of Drive, Greenbyte and BluePoint.
Get more information about BluePoint here.