23.09.2024 / 11:33
In the future, the adoption of renewable energy devices will increase, and many countries have started to launch initiatives to accelerate this process. It is very proud that Azerbaijan is one of these countries, and the creation of "SOCAR GREEN" LLC at the end of 2023 proved that our government showed interest in renewable energy sources. However, these devices include wind turbines, solar panels, etc. are very expensive and their maintenance is an additional burden for companies and the government. However, with the help of our startup, it will be possible to predict potential failures in renewable energy generating devices. Our solution is real-time monitoring and automated fault prediction software in the renewable energy industry that integrates AI into the industry. The startup also monitors vibration, temperature, radiation, wind speed, and more. aims to create a data management system for data used in this industry. This tool will help engineers gain strong control over their data and understand the nature of failures in advance to improve the efficiency of their systems to reduce future problems. Estimated at 10 billion in 2022, the market potential is quite good and will increase to about 16 billion by 2026 (60% growth).
