Title :
Smarter asset management for renewable energy
Author :
Hanley, B.P. ; Clayton, R.J.
Author_Institution :
IBM, UK
Abstract :
By 2020, 30% of the UK´s electricity is targeted to come from renewable sources - an increase from 9.5% in 2011. As the industry grows, it must make critical decisions regarding the deployment of capital investment, how projects and resources are planned and managed, and how the operations and maintenance strategy will optimise performance and Return on Investment (ROI) across the lifecycle. This paper outlines how smarter asset management solutions, applied across the renewable energy project lifecycle, can lead to: accelerated construction time, reduced downtime, increased reliability and enhanced ROI.
Keywords :
asset management; cost-benefit analysis; investment; maintenance engineering; renewable energy sources; ROI enhancement; UK electricity; capital investment; construction time acceleration; downtime reduction; maintenance strategy; operations strategy; renewable energy project lifecycle; return on investment; smarter asset management solutions; “Asset Management”; “Energy”; “Lifecycle”; “Renewable”; “Smarter Planet”;
Conference_Titel :
Asset Management Conference 2012, IET & IAM
Conference_Location :
London
Electronic_ISBN :
978-1-84919-693-2
DOI :
10.1049/cp.2012.1921