WHO CAN USE THE SOFTWARE?
As the software combines the use of technical data to calculate the financial outcome of a project, the software can be used across the supply chain.
A developer of technology will find our software useful to help them decide on their technology development pathway. Indeed, the analysis provided by the software can show the better path of exploitation based on the cost of energy depending on the materials used, PTO, components the size of their project and the location. That could lead device developer on a cost reduction trajectory and also increase their TRL. We have also helped developers prove that their technology is superior to a competitors when benchmarked in a real project.
We have helped and are still helping device developers make informed decisions on their Levelised Costs by changing their Power take off system, O&M, moorings and deployment of their technology.
Our software has also, in the past, been useful for device developers to secure funding by demonstrating the result of their choice on their financial outcomes. As the software allows the standardisation of the information, the results provides by the software can be useful for reporting to third parties and have their confidence in the numbers. We have been doing this in a number of Wave Energy Scotland projects with PTO systems and materials. See http://exceedence.com/exceedence-awarded-495k-wave-energy-scotland-stage-2-pto-funding/
By using our software, a project developer can decide on the right parameters in relation to his project to get the better cost/benefit. They can also compare different scenarios and decide the one that has the best IRR. Using the sensitivity tools will help create optimised projects.
The software allows project manager to free their time from lengthy and costly builds in spreadsheet software. Our software allows the reallocation of engineering resource from the build/audit phase of the financial model to the analysis part and gives a common platform to a team so that they can work more efficiently. See http://exceedence.com/workshop-on-techno-finance-yields-surprising-results1/ One customer saved 1200 man hours in 3 months.
The standardisation of the reporting will allow a better understanding in the team, the management and importantly outside the organisation to funder and financiers.
Across the supply chain our tool provides a common language and metrics to talk and sell more efficiently to the right stakeholders. For example, we have we have shown that the selection of certain critical components can reduce LCOE by almost 50%. This analysis can be done for O&M operators, installation, Balance of Plat and any other product/service along the supply chain.
Consultants will find our software helpful for their business. The combination between a specific set of data and the financial tool in the software will ensure the delivery of the results accurately and quickly. You will be able to spend your time adding significantly more value to your client, using standardised software and being more competitive in the market place.
Funders and investors can rely on the numbers delivered by our software to make informed decision on the funding or acquisition of projects. The software report haves the same language used in the financial sectors and presents the numbers that matter to you. You can compare projects on a fully like for like basis, regardless of scale or location. Our currency tool allows you to check FOREX scenarios and the project sensitivity allows you to run a range of what-if analysis.
The utility can use our software to decide on the way that they will make the grid react to the technology to give the better access to the energy. By assessing the financial outcomes of Renewable energy project, they can project their own finances and therefore choose on the better adaption and price for the access to the grid for a win-win situation. For example they can look at PPAs or strike prices and fully understand margins. They can also understand the financial effects of curtailment and constraint on either their own projects or those of customers.