Altair Case Studies Altair SmartCore™ Enhances Energy Performance and Profitability for UNATEC

	Altair SmartCore™ Enhances Energy Performance and Profitability for UNATEC Altair

Altair SmartCore™ Enhances Energy Performance and Profitability for UNATEC

Altair

Technology Category	Analytics & Modeling - Predictive Analytics Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries	Electrical Grids Renewable Energy
Applicable Functions	Maintenance
Use Cases	Energy Management System Movement Prediction
Challenge	Unatec, a company with over a decade of experience in energy solutions consulting, was grappling with the challenge of controlling costs and improving production for energy producers. The company recognized that uncontrolled costs and inaccurate predictions could significantly reduce profits, potentially leading to losses. The energy generation and management sector, if not optimized, can severely impact economic results. Profits can be dramatically diminished and losses can even be incurred if costs are not closely controlled or production is not predicted accurately. Furthermore, many countries have started to dramatically reduce economic subsidies for production and have introduced more regulations. In some cases, it is even mandatory for energy producers to optimize energy management to increase profit and avoid sanctions and penalties. Read More
About Customer	Unatec is a company with over 10 years of experience in energy solutions consulting. The company works with the largest utility companies in Spain and has launched Energy Smart Generation, its own solution for small and medium renewable energy producers. These producers typically operate and maintain small- and medium-sized power plants for solar and wind energy. Unatec partners with Altair SmartCore to create Smart Grids, aiming to improve energy management and profits. The company decided to rely solely on Altair SmartCore as a core element of their technology stack. Read More
Solution	Unatec partnered with Altair SmartCore to create Smart Grids and improve the performance and profitability of renewable energy companies. The Altair SmartCore platform was implemented within 6 months, allowing Unatec to save significant money in development costs. The platform includes multiple prediction models comparison, smart metering system deployment, extended production prediction capabilities, customized KPIs tracked in real-time, and control of deviation and energy measurements. Unatec’s Energy Smart Generation platform uses different prediction services and compares them using Altair SmartCore's core to increase forecasting accuracy. The prediction model receives feedback to continuously enhance accuracy in the energy offering calculation. A customized set of KPIs is permanently tracked and displayed in real-time graphs to compare production with predictions and generate customized performance reports, budget tracking and plants comparison. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Platform as a Service (PaaS) - Application Development Platforms

Applicable Industries

Electrical Grids

Renewable Energy

Applicable Functions

Maintenance

Use Cases

Energy Management System

Movement Prediction

Challenge

Unatec, a company with over a decade of experience in energy solutions consulting, was grappling with the challenge of controlling costs and improving production for energy producers. The company recognized that uncontrolled costs and inaccurate predictions could significantly reduce profits, potentially leading to losses. The energy generation and management sector, if not optimized, can severely impact economic results. Profits can be dramatically diminished and losses can even be incurred if costs are not closely controlled or production is not predicted accurately. Furthermore, many countries have started to dramatically reduce economic subsidies for production and have introduced more regulations. In some cases, it is even mandatory for energy producers to optimize energy management to increase profit and avoid sanctions and penalties.

About Customer

Unatec is a company with over 10 years of experience in energy solutions consulting. The company works with the largest utility companies in Spain and has launched Energy Smart Generation, its own solution for small and medium renewable energy producers. These producers typically operate and maintain small- and medium-sized power plants for solar and wind energy. Unatec partners with Altair SmartCore to create Smart Grids, aiming to improve energy management and profits. The company decided to rely solely on Altair SmartCore as a core element of their technology stack.

Solution

Unatec partnered with Altair SmartCore to create Smart Grids and improve the performance and profitability of renewable energy companies. The Altair SmartCore platform was implemented within 6 months, allowing Unatec to save significant money in development costs. The platform includes multiple prediction models comparison, smart metering system deployment, extended production prediction capabilities, customized KPIs tracked in real-time, and control of deviation and energy measurements. Unatec’s Energy Smart Generation platform uses different prediction services and compares them using Altair SmartCore's core to increase forecasting accuracy. The prediction model receives feedback to continuously enhance accuracy in the energy offering calculation. A customized set of KPIs is permanently tracked and displayed in real-time graphs to compare production with predictions and generate customized performance reports, budget tracking and plants comparison.

Impact #1	The implementation of the Altair SmartCore platform has brought about significant operational improvements for Unatec. The platform's ability to collect all the information from different Smart Grid elements and IT systems has enhanced Unatec's forecasting accuracy. The prediction model receives feedback to continuously enhance accuracy in the energy offering calculation. A customized set of KPIs is permanently tracked and displayed in real-time graphs to compare production with predictions and generate customized performance reports, budget tracking and plants comparison. This has led to more efficient intervention task management and optimal maintenance scheduling, thereby reducing penalty fees and preventing outages.

Impact #1

The implementation of the Altair SmartCore platform has brought about significant operational improvements for Unatec. The platform's ability to collect all the information from different Smart Grid elements and IT systems has enhanced Unatec's forecasting accuracy. The prediction model receives feedback to continuously enhance accuracy in the energy offering calculation. A customized set of KPIs is permanently tracked and displayed in real-time graphs to compare production with predictions and generate customized performance reports, budget tracking and plants comparison. This has led to more efficient intervention task management and optimal maintenance scheduling, thereby reducing penalty fees and preventing outages.

Benefit #1	Increased forecast accuracy
Benefit #2	Reduced penalty fees
Benefit #3	Prevented outages

Benefit #1

Increased forecast accuracy

Benefit #2

Reduced penalty fees

Benefit #3

Prevented outages

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Overview

Altair SmartCore™ Enhances Energy Performance and Profitability for UNATEC

Operational Impact

Quantitative Benefit