Tech Mahindra and Mahindra TEQO partner to create digital solutions for renewable energy industry
These solutions—created by leveraging next generation technologies like artificial intelligence, machine learning, augmented reality, virtual reality and industrial internet of things—will have the potential to decrease operating and maintenance c...
These solutions—created by leveraging next generation technologies like artificial intelligence, machine learning, augmented reality, virtual reality and industrial internet of things—will have the potential to decrease operating and maintenance costs by a fifth, Tech Mahindra told reporters on Thursday.
The partnership will create a digital ecosystem for the global renewable energy industry to deliver end-to-end integrated solutions to customers worldwide and provide support through the asset lifecycle, Tech Mahindra said.
“At Tech Mahindra, our focus is to ensure that business decisions across industries and geographies lead to equitable and sustainable growth,” said Jagdish Mitra, chief strategy officer at Tech Mahindra. “The aim is to enhance our portfolio by developing and collaborating with partners like Mahindra TEQO to provide our global customer base a platform powered by next generation digital technologies like Artificial Intelligence and Data Science, to not only help in operational maintenance but also to optimise their renewable energy assets.”
Mahindra TEQO (technology, quality and operations) is the Mahindra Group’s newly formed renewable energy asset management company. Its SolarPulse, a cloud-based software application which analyses plant performance data, will be synergised with Tech Mahindra’s AssetRise, which facilitates modular deployment of asset management and asset performance management, to improve asset monitoring.
This would give customers a comprehensive understanding of asset performance using advanced interactive plant performance analysis, real-time alerts, energy and event log analysis, automatic fault localisation, remote trouble shooting, etc.
Steve Odak, CEO of Mahindra TEQO, said, “The collaboration with Tech Mahindra provides a great opportunity for us to deliver a growing ecosystem of advanced technology products and services, backed by a strong team with deep domain expertise globally. We are excited to partner with Tech Mahindra as we focus our combined energies on serving a broader range of customers with industry-leading renewable asset management solutions and end-to-end integration capabilities.”