January 11, 2022 — Press Releases
National Energy selects Power Factors to support 2GW European portfolio push
European renewables investment platform adopts Power Factors’ Greenbyte software to monitor and optimize wind and solar performance as it targets a 20 times portfolio expansion in the next 5 years
London, January 11th – National Energy Holdings National Energy) is adopting Greenbyte, a renewable energy software solution from Power Factors, to monitor and optimise performance across its growing portfolio of wind and solar projects.
National Energy is a privately funded investment platform that is active in the renewable energy sector. The firm currently holds an operational portfolio of 91MW, with an ambitious goal to develop, finance and construct at least 2GW of wind and solar in the next 5 years, spanning Europe and North America.
In addition to their pipeline, National Energy’s long-term vision is to ensure lasting social and economic returns for future generation in the communities that they operate in. They incorporate ESG principles into all aspects of their work, encouraging environmental stewardship and positive community impact.
The choice for Greenbyte follows a successful trial of the performance optimization solution on several National Energy projects, including three wind farms and one solar PV plant in Greece. The operations team is now looking to integrate all its current and future renewable energy assets into the platform.
National Energy will draw on advanced resource data supplied by Greenbyte’s Wind Production Forecast add-on, to analyse how asset performance correlates with regional weather conditions and mitigate portfolio-wide resource risks.
For National Energy’s international team, – headquartered in London, but with a significant 400MW development pipeline in Greece and global expansion plans – Greenbyte will provide a single point of access for all critical data, enabling benchmarking and optimisation of technical performance, regardless of technology type and geography. This oversight capability will be instrumental in supporting commercial decision making and risk management as the portfolio grows.
Jimmy Hansson, COO at National Energy, commented: “Building portfolio scale and lasting impact is a fundamental part of our goal to deliver environmental, social and financial returns as we become a key player in the global renewable energy sector. Greenbyte will empower our asset management team to take the best practice technical principles that have defined our operations to date in Greece and apply these on a global scale.”
Magnus Henriksson, Chief Customer Officer, Power Factors, added: “Data-driven asset and portfolio management approaches are the new standard for renewable energy operators – particularly emerging investment platforms like National Energy seeking to punch above their weight and create significant scale. It is a pleasure to support National Energy as they realise growth opportunities on behalf of their investors and take an active role in driving forward the global energy transition.”