The Importance of Asset and Fleet Optimization for Power Generators
Power generation companies are at the center of mounting demands from governments, the private sector, and consumers to transition from reliance on fossil fuels towards a decarbonized world. Utilities and power generators are rapidly seeking greater levels of decarbonization and energy flexibility by investing in solar, wind, storage, hybrid and decentralized energy systems. The diversity of fleet assets is growing, too – renewables, storage and hybrids are creating a dramatic shift in status quo.
Yet, even as the cost of renewable energy comes down, utilities and independent power producers (IPPs) are under intensifying economic pressure to improve their balance sheet, increase revenue, and drive cost-out. They’re being charged with managing operations to maintain reliability and improve profitability, while responding to dynamic, variable and uncertain market conditions through the transition.