Raptor Maps’ Global Solar Report Finds $4.6B Annual Revenue Loss in Worldwide Solar Industry

Rising low efficiency tools will have an effect on the long-term profitability and sustainability of photo voltaic if not addressed.

Boston, MA – Raptor Maps, the main photo voltaic well being administration platform, has launched the sixth version of its World Photo voltaic Report, with knowledge that clearly reveals the poor efficiency of photo voltaic belongings.

The report discovered that the worldwide income loss as a result of lack of kit efficiency final 12 months reached $4.6 billion, and the facility loss resulting from tools anomalies in photo voltaic farms rose from 3.13% to 4.47%. year-to-year.

The report may be seen right here: https://raptormaps.com/assets/2024-global-solar-report

The World Photo voltaic Report captures knowledge from 125GW of PV methods from 1000’s of photo voltaic websites, and the report’s findings declare to be significantly essential given the trade’s unprecedented development. in photo voltaic.

“The world surpassed the 1 terawatt mark for international photo voltaic installations two years in the past, and our sights are firmly set on the ten terawatt milestone,” stated Raptor Maps CEO and Co-founder Nikhil Vadhavkar. “Our sector is the muse for reaching our local weather targets of 1.5 ° C. Because the tempo of set up will increase, asset homeowners flip to expertise to satisfy the challenges outlined in our World Photo voltaic Report to revive manufacturing, optimize asset administration, and make sure the sector’s investability for years to return.”

As photo voltaic emerges because the dominant pressure within the clear power transition, development will more and more rely on autonomous methods.

“House owners and operators already working with digital twins at their websites can now use robotics and AI to unravel labor challenges that immediately have an effect on energy manufacturing,” stated Eddie Obropta, CTO and Co-founder of Raptor Maps. “We just lately launched a brand new AI software, Prompt Inspections, based mostly on buyer demand, which is ready to establish and categorize thermal anomalies 99% quicker than standard photo voltaic aerial inspections at C&I websites.”

About Raptor Maps

Raptor Maps is the main photo voltaic asset well being administration platform constructed to ship an AI-powered future for photo voltaic to offer the trade with a unified playbook for scalability. Our software program addresses crucial trade challenges together with poor website efficiency, labor constraints, enabling robotics, and fixing element high quality and set up errors. We empower homeowners and operators to recuperate misplaced energy manufacturing, streamline and scale operations, and defend monetary returns.

Powered by 125 GW+ of PV system knowledge analyzed, Raptor Maps deploys superior, AI-powered options to offer actionable insights and instruments. Our purpose is evident—to assist photo voltaic asset homeowners and operators guarantee peak efficiency and navigate the complexities of a quickly increasing trade. For extra data, go to: https://raptormaps.com

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