Chennai, NFAPost: Genesis Ray Energy, the Singapore- based clean energy research company providing innovative data analytics products on renewable energy and energy infrastructure mapping services, has launched the GenRay EXPLORER, an intuitive online analytics tool that enables developers, investors and OEMs to screen, compare and evaluate gas and power assets in South and South East Asia.
The shift to a low-carbon economy has been a game-changer for the global power industry as renewable sources of energy penetrate the sector. Across the world, countries are increasing the share of new and cleaner sources of energy in their overall energy mix. This has resulted in the emergence of a multi-trillion-dollar renewables industry as globally investors drift away from the volatile conventional energy industry and look forward to these newer sources.
However, information on the right markets and locations to target has been lacking, with no single source of data and most intelligence gathering being done by external parties, the company said.
With GenRay EXPLORER, developers, investors and OEMs can now bring their analytics in-house, saving time and money, while obtaining more sophisticated insights and improved risk-analysis, ensuring the right business decisions are made.
“I am delighted to announce the availability of GenRay EXPLORER in South and South East Asia. This ground-breaking tool allows customers seeking to tap into the fastest growing renewables markets in Asia to have reliable and comprehensive insights at their fingertips, empowering them to make informed decisions about the future of their business”, said Genesis Ray CEO Irfan Choudhry.
He added, “We have already secured customers in Asia and Europe, who see the tangible benefits our aggregated, user-friendly digital platform offers. They have also indicated a keen interest in the suite of new wind and solar products we will be bringing to market in the near future.”
GenRay EXPLORER currently covers assets of 650GW generation capacity, 33,000 wind turbines, 425,000 km of transmission lines, and over 35,000 km of natural gas pipelines. Data from hundreds of primary and secondary sources is aggregated and then cross-validated and weighted from multiple points, providing the most in-depth, up-to-date database available on the gas and power sector in South and South East Asia on a single platform, the company added.
GenRay EXPLORER is available under a Single/Multi-Year License that permits usage by multiple teams including planning, business development, strategy, finance, and operations. Under the license, users have real-time access to all the data points underlying the energy assets with numerous analytical capabilities to create actionable insights.