Excelsior Energy Capital announced it has entered into a multi-year partnership with Proximal Energy, an AI-powered asset management provider for large-scale solar and energy storage projects. The collaboration will leverage Proximal’s platform to optimize Excelsior’s portfolio of energy storage assets, enabling real-time monitoring and performance improvement across the company’s pipeline of 2 GWh of storage projects.
The collaboration between Excelsior and Proximal highlights the tremendous emerging potential of AI in the renewable energy space and demonstrates Excelsior’s commitment to leadership in industrial innovation and value creation. Proximal’s platform will introduce Excelsior to the provider’s proprietary Agentic Asset Management, a system powered by generative AI models that supports asset managers and operations and maintenance (O&M) providers. These digital ‘agents’ have access to all project-related documents – such as user manuals, contracts and warranty information – allowing them to act as expert colleagues who can instantly answer questions such as: ‘How many modules per string are there?’ or “What are the damages related to the inverter OEM’s lack of warranty obligations?” Additionally, the “agents” can analyze time series data on demand, giving users the ability to investigate failures and underperformance and calculate KPIs, providing actionable insights into asset performance.
“Excelsior’s decision to partner with Proximal represents a significant advancement in the way we manage and optimize energy storage assets, and we are proud to help lead the renewable energy sector’s innovation on this crucial front,” said Chris Frantz, partner and head of operations at Excelsior Energie Kapitaal. “This partnership aligns with our vision to leverage next-generation AI technologies to streamline asset management, reduce operational overhead and ensure the long-term performance of our projects.”
News item from Excelsior Energy Capital
