[Toronto, March 27, 2019] – D. E. Shaw Renewable Investments (DESRI) today announced an agreement with Heliolytics Inc. to implement advanced aerial inspection and DC management techniques across the majority of DESRI’s portfolio of solar assets.
The deployment of Heliolytics’ advanced technology and artificial intelligence techniques will add to DESRI’s suite of tools to proactively seek to mitigate risk and optimize the performance of its portfolio of solar assets. Heliolytics is the global leader in aerial infrared inspections and analytics for PV systems with over 18 GW serviced across more than 2,500 projects. Heliolytics’ advanced analytics utilize proprietary aircraft sensor systems and in-house artificial intelligence (AI) analysis software to detect performance faults and identify root causes.
“We look forward to utilizing Heliolytics’ advanced technology to help us work to optimize solar asset DC health management,” said Bryan Martin, DESRI’s Founder and CEO. “Heliolytics is expected to provide efficient, actionable data that will enable us to detect DC performance issues and improve production.”
Rob Andrews, CEO of Heliolytics Inc., said: “We are excited to expand on our work with DESRI to provide a comprehensive approach to DC health management. We look forward to working with DESRI’s team as a partner on DC health optimization by leveraging our industry-leading technology and deep solar expertise.”
About D. E. Shaw Renewable Investments
D. E. Shaw Renewable Investments (DESRI) and its affiliates acquire, own, and manage long-term contracted renewable energy assets in North America. DESRI’s portfolio of renewable energy projects currently consists of more than 30 wind and solar projects that represent more than 1,600 MW of aggregate capacity. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with approximately $50 billion in investment and committed capital as of December 1, 2018. Please visit www.deshaw.com for more information about the D. E. Shaw group.
About Heliolytics Inc.
Heliolytics is the global leader in aerial thermal imaging and analysis for solar photovoltaic (PV) systems with over 18 GW serviced across more than 2,500 projects globally. We ensure maximum solar asset performance with our innovative imaging, analysis, and reporting services combined with deep sector experience. We specialize in aerial inspections and analytics of PV systems using proprietary aircraft sensor systems and in-house artificial intelligence analysis software. Please visit http://www.heliolytics.com/our-services/ for more information about our services.