August 26, 2020 — Product News
Marketplace Q&A: Greenbyte’s Wind Benchmark add-on with Pramod Bangalore
Industry benchmarking can give owners and investors a 360-degree perspective on how their assets compare to those of their peers. In this Q&A, we speak to our head of research Pramod Bangalore about Greenbyte Platform add-on Wind Benchmark.
Marketing Coordinator, Greenbyte
What is the Wind Benchmark add-on?
We’ve developed Wind Benchmark to help our customers to compare wind turbines in their fleets to thousands of others in the Greenbyte portfolio.
Greenbyte Platform has over 10,000 wind turbines connected. This large amount of data allows us to completely anonymize the source and share insightful information, which enables our users to make the right decisions at an opportune time.
We’ll provide benchmarks for a range of KPIs: performance index; production factor; time-based system availability; production-based system availability; lost production; capacity factor; and others. We also provide status code comparison, which shows if the turbines at a certain site are suffering from common problems that are also seen on other sites with the same turbine model, or if there are some problems that are specific to the selected site.
Who is the ideal user for the add-on?
This add-on will be useful for owners, investors and operators – and each will have different uses for the insights.
Owners would like to get a high-level perspective of where they stand in terms return of investment. Owners might want to benchmark the various operators’ performance. And investors might use the benchmark to assess buying and selling options.
On the other side of the spectrum, the operators would like to quantitatively show how the wind farms they manage perform compared to benchmark.
And they can then take steps to address any issues?
Yes. The first step to improvement is recognising the areas where improvement is needed, and this is where benchmarking will be beneficial. It can help you to ask the right questions about your operations and maintenance plan. Where should I focus my efforts? What should I improve? You can find out a lot by benchmarking.
If you find out your turbines aren’t performing as well as the benchmark turbines then you can do something to improve. But if you see you are meeting the benchmark, or you’re better than it, then you can make a more optimistic assessment. Either way, it will help you to be more proactive with your O&M planning, which is beneficial.
Can operators only compare their turbines to others of the same type?
That’s a good question. We have to go back and remember why we’re doing it. We want to use Wind Benchmark to help companies understand how their turbines are performing, and mainly they’ll do that by looking at others of the same model.
Is it easy to implement?
Yes. Everyone that uses Wind Benchmark must agree to share their anonymized data, but it will be pulled in automatically. This makes it manageable and accurate.
Interested to see how you can leverage Wind Benchmark to suit your needs? Check out our Marketplace!