Masdar, Presight sign agreement to develop AI asset management tool

emirates7 - Masdar, the Abu Dhabi Future Energy Company PJSC, has entered into a partnership with Presight, a prominent big data analytics firm powered by generative AI. Their collaboration aims to an advanced asset management tool for Masdar's global renewable energy projects.

Masdar's renewable installations generate a substantial volume of data daily from equipment like solar panels, inverters, and wind turbines. This data will be leveraged for in-depth analysis to derive valuable insights, facilitating data-driven decision-making.

The development of an AI-driven asset management tool marks Masdar's shift towards digitizing its operations worldwide. This move from reactive to predictive maintenance will enable proactive analysis of operational data and patterns, anticipating issues in advance, increasing efficiency, preempting failures, minimizing downtime, and enhancing energy output.

Masdar has a track record of pioneering innovation in the renewable energy sector. Through this collaboration with Presight, it integrates AI technology to advance its energy management capabilities.

AI is poised to revolutionize the energy sector by improving efficiency, optimizing operational strategies with predictive analytics, and bolstering the resilience of energy grids, particularly in integrating renewable energy sources.

Mohamed Jameel Al Ramahi, CEO of Masdar, emphasized their commitment to leveraging AI across energy systems to optimize efficiency and drive informed decision-making, aligning with their history of deploying cutting-edge clean energy technologies.

Presight's CEO, Thomas Pramotedham, highlighted the specific operational needs of clean energy, including managing fluctuating supply and seamlessly integrating with other energy sources on the grid.

Since its inception in 2006, Masdar has been pivotal in advancing the UAE's sustainability goals and climate initiatives. Operating in over 40 countries, Masdar aims to expand its renewable energy portfolio capacity to 100GW and become a leading producer of green hydrogen by 2030, supporting global sustainability efforts.