Canopy Power develops energy microgrids in Asia with EDF
Described by Canopy as “cleaner and cheaper electricity where the grid won’t reach”, its microgrids can significantly reduce the consumption of diesel fuel by mitigating the necessity of generator engines and thus also preventing the fluxations in oil price having a bearing on a business’ profitability.
It does this by pooling several sources of cleaner energy, such as solar and wind, in combination with pre-existing generator and electricity grid infrastructure. The combined energy is linked at a central management point.
As is common with microgrids and virtual power plants, battery storage units are used to regulate excess energy by storing it for peak usage hours or nighttime.
The overall affordability and cost-saving aspects of the microgrid are monitored by a smart energy management system, which also ensures that customers receive a consistent level of quality and service.
Opening up new opportunities in Asia
The deal struck between Canopy and EDF is a jointly-devised market offering which hopes to develop new energy-related business opportunities in Asia.
As a domestic expert in designing functional microgrids, Canopy will provide project development and long-term engineering services.
Meanwhile, EDF, also an expert in the field of renewable energy, will provide resources for the project, as well as its experience from similar endeavours and renowned capability for high-quality delivery.
“EDF exports its expertise around the world with a strong ambition: to support its customers all over the world with their energy transition,” said Jean-Philippe Buisson, Snr VP Asia at EDF in an article by PV Magazine Australia.
“This partnership with Canopy Power supports our commitments in Asia to develop solar hybrid microgrids, with the objective to decarbonise the electricity mix some of our customers are using, or give populations which do not have decent electricity supply access to clean electricity.
“Combining EDF’s strengths with Canopy Power’s will accelerate the pace of the projects implemented in Asia.”
Similarly, Sujay Malve, Founder and CEO of Canopy Power, added in the same article that the two companies shared a common sense of purpose: providing power to those who need it via eco-friendly methods. He believed this unity would lead the endeavour to success.
“While EDF brings decades of experience in owning and operating energy infrastructure, Canopy Power provides the regional and technical expertise of designing and building renewable microgrids. Together we offer cost-effective, modular energy solutions to businesses and communities striving to make the shift in the right direction,” he said.
Harnessing APIs to unlock and operationalise your data
Data is the fuel that powers modern businesses. It’s widely accepted that unlocking insight from data is key to driving successful digital transformation and competitive advantage. Yet the gap between understanding the importance of data-driven insight and being able to achieve it remains stubbornly wide, as critical information remains locked away in silos. To overcome these challenges, businesses must try a new approach. API-led connectivity offers a reusable, standardised way to integrate data across multiple platforms, systems, and applications. When done right, it can be the fast-track to IT and business teams productivity, innovation, and growth.
A data explosion
The past decade has seen a data explosion. Analyst firm IDC predicted that over 59 zettabytes (ZBs) of data would be “created, captured, copied, and consumed” in the world last year alone. In the next three years it’s predicted to continue growing at a CAGR of 26%, during which time more data will have been created than during the past 30 years. At the top of any CIO or business leader’s wish-list is the ability to extract insight from these vast troves of information in order to make more effective decisions. According to McKinsey, data-driven companies are 1.5 times more likely to report revenue growth of greater than 10%.
Unfortunately, just like much of the population for much of the last 12 months, data is locked down and isolated. MuleSoft’s 2021 Connectivity Benchmark report reveals that data silos and existing IT infrastructure are making it difficult for most firms to integrate new technologies and make changes to IT systems and applications. In fact, currently less than third of enterprise applications on average are integrated, so there is still significant room for improvement. Those organisations that are able to connect the dots between their data stand to realise increased customer engagement, business transformation and innovation benefits.
Journey towards API-led integration
Legacy custom code point-to-point integration may have been fine a decade ago when enterprises ran relatively few applications. But today’s businesses need something altogether more agile. Point-to-point can be expensive and complex, which means IT ends up spending too much of its time on maintenance and not enough on innovation.
This is where APIs come in, offering a more seamless and cost-effective way to drive integration through discoverability, self-service, and reuse. Rather than building the same point-to-point integration for use in 10 different projects, which requires each to be maintained individually as unique sets of code, a single API can be developed to be reused across them all. An API-led approach therefore means companies only have to unlock each data set just once to empower business teams across the organisation to use that data in their own projects.
The value of this approach can be extended even further with today’s low-code tools, which support drag-and-drop integrations. This can help to ease the burden on IT teams and empower business users to deliver their own integration projects.
The LendingTree experience
One company that has driven major improvements through reusable APIs is online loans marketplace LendingTree. Originally its 16 different business units were operating with siloed, incomplete data, meaning 360-degree customer insight was impossible—affecting sales and the end-user experience. The firm was not able to capture or analyse call centre data, limiting its ability to improve experiences for its customers.
Using APIs to draw in data from multiple systems and databases in real-time, LendingTree was able to consolidate its customer data on Salesforce to create a single source of truth for cross-departmental teams. This approach empowers service agents by giving them access to individuals’ loan application history from a single console, drastically reducing the time it takes them to consolidate various sources of customer data. As such, its API-led integration approach has allowed LendingTree to free up time and resources to launch new capabilities faster.
The future’s digital
Organisations have been affected in many different ways by the COVID-19 pandemic. But across the board, the desire among business leaders over the coming months will be to emerge from the crisis stronger than ever. Data-driven insight will be vital to this achievement, as businesses push ahead with digital innovation. API-led integration can help them to ensure that data strategies are long-lasting and sustainable, paving the way for long-term success and a brighter digital future.