IntelStor is a new, renewable energy data platform built for decision support of project diligence and product development. According to the developer, it is the world’s first cloud-based market intelligence platform for renewables, built for decision support of project diligence and product development.
The brainchild of Philip Totaro — who was most recently running consultancy Totaro & Associates and was previously head of innovation and technology intelligence at Clipper Windpower — IntelStor has reportedly taken 3.5 years to architect and build. It also involved a previous 8.5 years of data-gathering and scrubbing by a team of renewable energy industry domain experts, according to the company.
The platform covers the entire industry value chain and offers the most comprehensive database in the industry, says Torato. It is comprised of catalogued data from more than 380,000 installed wind turbines and proposed projects in more than 115 different countries — including both onshore and offshore wind. In addition, IntelStor provides the specifications for more than 1,200 wind-turbine makes and models and more than 52,000 globally filed patents detailing the technology usage of those turbine models.
A beta test over the past eight months has concluded with close to 1,500 subscriber accounts created to date covering over 800 different companies.
During the beta test of IntelStor, some impressive results were achieved including:
- A project developer has used IntelStor to comparison shop for wind turbines by benchmarking the “should cost” of the bill of materials compared to the price quotations they received. They saved $60,000 in CapEx cost per turbine on a 400-MW order when they realized they were initially being overcharged.
- A private equity group was able to quantify more than $17 million in patent infringement liability prior to an asset acquisition using IP Prism by IntelStor, leading to a de-risking activity which almost totally mitigated their liability and paved the way for the M&A transaction.
- A wind-turbine OEM was able to benchmark their product positioning in more than 20 markets around the world simultaneously using MKT Prism by IntelStor. As a result they introduced a new turbine model, which has resulted in more than $600 million in order book already by targeting under-penetrated regions of established and emerging markets.
IntelStor is also a founding member of the Energy Data Alliance which was established to support asset owners, OEMs and data analytics companies in monetizing the market intelligence value of asset performance and health monitoring data.
The company says it has plans to add solar market data during 2019 and energy storage market data by 2020.