Democratizing Solar Plant Management With Raycatch
Key takeaways from our latest conversation with Raycatch, featured on our energenius podcast mini-series!
We chatted with Raycatch’s Chairman and Co-Founder, Mike Goldstein! Raycatch’s AI-driven digital asset management system automates and optimizes solar photovoltaic plants. In this episode of energenius, Mike shares how Raycatch’s software helps PV plant owners democratize operations and efficiently manage their assets, talks about the latest trends in the solar industry, and discusses how merging SAP and Raycatch’s capabilities will help clients with solar assets in their portfolios leverage their insights and reduce operational costs.
Here are some of our episode highlights with Raycatch’s Co-Founder & Chairman, Mike Goldstein!
“Today, solar project owners and operators look with their own eyes on screens and graphs in order to analyze data and detect issues, which is very laborious, intensive and time consuming. Using Raycatch, without installing any new sensors or hardware, customers simply rely on existing data to quickly get clear insights and better prioritize their focus.”
Standing Out from the Competition
“While the cost of building solar assets is going down, operational costs such as hiring and renting as well as labor-based logistic costs are not. Raycatch democratizes this process and makes it financially sustainable with a software that helps operators and managers better manage their assets, automatically detect issues, and improve decision-making.”
Working with SAP
“Being focused on a specific vertical niche allows us to be the experts, so once our software and capabilities are merged with SAP capabilities, our joint clients with solar asset portfolios can enjoy the full solution A-Z; they can get software support in ERP and management, plus the deep, thorough, and sophisticated automatic diagnostics tool through Raycatch.”
On Becoming an energenius
“Anybody can become an energenius! We have been active in the solar energy for the last ten years, building projects, designing and developing electronics and equipment. But, five years ago, we saw an interesting phenomenon — that even though people had the data, they didn’t know to appreciate the value or the gold they had in their own hands. So, we decided that was our opportunity. This is just one example. We believe that if you pay attention and keep your focus, you’ll find enough opportunities within the growing solar energy, where you can be an expert in the domain that you choose to focus on.”
Learn more about Raycatch’s solution here.
Read more about SAP.iO Foundry Tel Aviv’s utilities cohort here!