CASE STUDY
Madison Energy Investments
Location
Ohio, Maryland, Delaware, and more
Commercial Operational Date
2020
Solar Sites in Portfolio
160 operating assets
Energy Storage System Size
nearly 140 MW
Solutions
Full edge-to-cloud platform
Services
Professional services
Empowering Growth and Precision in Utility-scale Solar for Madison Energy Investments
With offices in New York, Virginia, and Alabama, asset manager Madison Energy Investments (MEI) serves public and private entities and capital partners looking to add or invest in distributed energy resources across the U.S. MEI’s knowledgeable team works to structure financing and develop, construct and own/operate onsite solar, storage and solar-plus-storage projects, as well as offsite community solar generation and electric fleets with associated charging infrastructure.
This collaboration enabled Madison Energy Investments to scale operations, optimize energy production, and achieve financial goals, solidifying their position as a trusted renewables industry leader.
“Our ability to maximize energy production and provide a return on investment starts with understanding what’s happening across all of our sites… PowerTrack serves as our eyes and ears throughout our portfolio to provide us with that clarity.” — Ben Hunter, Vice President of MEI
Challenge
A primary challenge that MEI faced was the need for accurate data across its portfolio to optimize energy production and ensure a return on investment. MEI also had to deal with the complexities of accurate Power Purchase Agreement (PPA) billing, particularly in cases where utilities used their own revenue meters. Additionally, as MEI scaled its operations, it required a robust asset management platform to accommodate its expansion into new technologies and markets.
Solution
MEI partnered with AlsoEnergy to standardize on a utility-scale solar provider, ensuring that all of their Engineering, Procurement, and Construction (EPC) partners used AlsoEnergy edge solutions on their assets. This move allowed MEI to simplify and accelerate the bidding and commissioning of projects and became the foundation of their revenue model. It provided them with essential data for accurate PPA billing.
MEI benefited from AlsoEnergy's edge-to-cloud solution, which allowed them to manage data from various projects in different locations. This solution enabled them to analyze the data, make informed decisions, increase uptime, and control expenses. It also facilitated monthly billing and maintained a high collection rate across hundreds of offtakers.
AlsoEnergy also allowed MEI to compare actual production to expected production under current site conditions. This capability was instrumental in optimizing operations and reducing maintenance costs.
Results
MEI's partnership with AlsoEnergy brought significant benefits:
Accelerated Project Development: MEI rapidly expanded its project portfolio by adopting AlsoEnergy's utility-scale solar solution, enabling swift capitalization on opportunities.
Data-Driven Decision Making: Access to comprehensive project data empowered MEI to enhance decision-making, boosting uptime and cost management.
Billing Accuracy: Precise site production assessment via AlsoEnergy solutions ensured dependable PPA billing, securing steady revenue streams.
O&M Optimization: MEI streamlined Operations and Maintenance by in-depth inverter-level data analysis, reducing truck rolls and associated costs.
Streamlined Partner Relationships: Standardizing on AlsoEnergy fostered clarity and consistency among EPC partners, facilitating efficient asset commissioning.
Future-Ready: The MEI-AlsoEnergy partnership positions MEI for energy storage ventures, a pivotal move in the growing solar-plus-storage sector. AlsoEnergy's expertise aligns with MEI's evolving business objectives.
Ben Hunter
Chief Commercial Officer of MEI
“We typically do 50+ deals each year. PowerTrack serves as our eyes and ears on our assets to provide us with the clarity we seek. Having a technical specification to standardize on AlsoEnergy’s edge solutions means that our EPC partners know what to expect, eliminating any guesswork or confusion that could hinder progress. They can work directly with AlsoEnergy’s customer success team to efficiently commission assets while our analysts have the reporting they need right at their fingertips. If they see something unexpected, they can work with AlsoEnergy’s support team to quickly troubleshoot and solve the problem.”
