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Energy software from Power Factors bets on growing in Latin America

Power Factors

Energy software for Latin America

Firstly, Power Factors is a renewable energy software provider. Its solution is the most extensive and widely deployed in the global market. In addition to the wind, solar, and storage assets, the company is introducing its platform for the hydroelectric sector.

Secondly, the company is based in Brazil, Argentina, and Chile. Recently, the software provider announced a new team that will support customer engagements in Latin America.

Also, Power Factors already has facilities in 10 countries in the region. It owns a renewable energy portfolio capacity of over 7 gigawatts.

Moreover, Latin America is one of the fastest-growing markets for the company. It focuses on building software solutions for asset management, field service, and performance optimization.

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Hydroelectric sector

Power Factors also support hydroelectric assets. This builds on an established track record of financial and technical management functionality for hundreds of megawatts of global hydroelectric production.

As a result, the addition makes Power Factors’ solutions well-suited for Latin America and the market’s growing need for managing diverse renewable energy portfolios, including hydroelectricity.

We have a strong track record in the region and are preparing for sustained growth as nations accelerate their energy transition. The renewables market in Latin America is unstoppable, with 18 gigawatts of wind, storage, and especially solar expected to come online in 2022. As well as being a global leader in hydroelectric power, Brazil accounted for more than 4% of global wind installations in 2021, with some of the highest capacity factors in the sector. Colombia is set to lead the charge into offshore wind. And the renewables markets in Chile and Mexico are also buoyant.

Jason Selfe, Regional VP at Power Factors.

About Power Factors

Power Factors drive the global clean energy transition by lowering the levelized cost of renewable energy.

Its software platform integrates technical and commercial asset management with enterprise asset management (EAM) to deliver one unified cloud-based asset performance management (APM) solution for renewables.

The Drive platform serves the entire renewables value chain, from monitoring and operations to compliance, energy invoicing, and reporting, to empower owners, operators, asset managers, and financial professionals as they work to make renewable energy the world’s leading power generation source.

Implementation and Customer Success Services ensure customers realize value from the platform quickly and for the asset’s life. Power Factors monitors 110+ GW of wind, solar, and energy storage assets globally.

Get more information about Power Factors, here.

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