SmartHelio raises $5 million

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Swiss company SmartHelio has raised $5 million to scale its PV diagnostics and predictive software solution. The company’s software measures live data from solar plants to predict failures and enable proactive maintenance. It also makes assets climate-resilient with its climate dynamics-based forecasting tool.

SmartHelio is a global horizontal irradiance and wind forecasting tool that uses climate dynamics and urbanization factors to predict resource availability and assess climate risk for sustainable energy infrastructure development. The company claims its tool has a high accuracy of 98.5% on tested locations in Europe and India.

“We ran our climate risk assessment system on a PV asset in Europe and we detected that due to higher irradiation forecasted, our clients could gain $7.5 million per year for a 500 MWp plant with a more appropriate design,” said CEO Govinda Upadhayay.

The predictive analytics company automatically detects potential component failures such as inverter failures, string disconnection, and root causes of underperformance (tracker issues, early degradation, etc) to accordingly provide proactive maintenance recommendations to users through its platform, Autopilot. Its clients include Acciona (Spain), Schneider (France and Spain), EDP (USA and Portugal), ESB (Ireland), Verbund (Austria), and Adani (India).

“We understood that the challenge of the industry was not only to provide speed in fault detection but also to provide security and resilience to our clients’ infrastructures and data. As a result, the focus put by the company has been on offering a platform that can easily be integrated into any infrastructure,” said Upadhayay.

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