Platform overview

This is a high-level introduction to Tensor Cloud, our flagship product. We are proud to be part of the global energy transition and hope you are as excited as we are about the potential of Tensor Cloud to change the way independent power producers, investors, and green electricity buyers are interacting with each other and with their renewable energy portfolios that are powering our future.

What is Tensor Cloud?

Tensor Cloud is an end-to-end web platform for financially and operationally managing portfolios of renewable energy assets. It is geared towards asset developers, asset managers, O&M providers, market operation and trading teams, lenders, and equity investors. Tensor Cloud allows all these stakeholders to collaborate on a single platform and jointly make better decisions.

Current supported asset classes are solar photovoltaic power plants and battery storage. Besides creating digital twins of the assets themselves, Tensor Cloud allows management of complex portfolios consisting of PPAs, SPVs, and balancing groups.

Tensor Cloud simplifies or automates many jobs during the development, financing, and operating phases of the renewable asset lifecycle. It allows even small teams to efficiently manage these portfolios, and reduces time spent on repetitive overhead activities.

Some of its key features are:

• Long-term techno-economic simulation of solar and battery assets
• Up to 14-day solar generation forecasts, updated every 30 minutes
• Battery charge and discharge schedule optimization
• Creating JEPX day-ahead trading plans
• Submitting generation, sales, and procurement plans to the TSO (via OCCTO)
• Access to market and grid data

Tensor Cloud was built with scalability in mind, and is especially well-suited for large portfolios of hundreds or thousands of distributed assets. For example, you can add a new solar plant to Tensor Cloud, and within 30 minutes get a generation forecasts powered by a machine-learning model.

Why does Tensor Cloud exist?

Our goal is to increase the velocity at which new renewable energy capacity gets installed globally. In our own work as renewable energy developers, consultants, operation and finance professionals, we came to realize that slow, closed, and disjointed software is a major bottleneck in the renewable energy industry. We believe that by providing an open platform, based on cutting-edge technology, with transparent pricing, we can substantially accelerate the global energy transition. Tensor Cloud is an enabler for deployment velocity and portfolio scalability.

How does Tensor Cloud work?

Simply put, Tensor Cloud creates a digital twin of your real asset portfolio. You can enrich this digital twin with more information, such as PPA contract terms, detailed technical specifications, market assumptions, and real-time operational data. Enrichment happens either automatically, for example by connecting Tensor Cloud to your monitoring systems, or manually by uploading or entering data directly into the platform.

During the asset development phase, you can simulate how your asset will likely perform over its lifetime under different market conditions, contracting terms, or when connected to other assets such as co-located battery storage. You will be able to share the results of these simulations with investors, PPA offtakers or other external parties with just a few clicks.

After your asset is built and connected to the electricity grid, your teams will be able to use Tensor Cloud to seamlessly manage all aspects of asset operation, including forecasting, regulatory reporting, and energy trading.

Tensor Cloud will ingest and store real-time generation data from your asset to allow constant comparison of actual versus predicted performance. Our machine-learning algorithms will also leverage this data to further increase forecasting accuracy and to provide you with early warnings of equipment failure.

Although mainly geared towards the challenges around developing, financing, and managing FIP assets and PPAs at scale, Tensor Cloud also allows for easy onboarding and management of legacy FIT assets that have been operating for years.

Building blocks

Assets, PPAs and Scenarios are the basic building blocks of your portfolio on Tensor Cloud. You can add, edit, and delete these building blocks to your liking.

Assets

An Asset on Tensor Cloud is a collection of components like solar PV systems, batteries, or loads that share a common grid connection point.

SPVs

Special Purpose Vehicles (SPVs) are legal entities that own and operate renewable energy assets. They are used to ring-fence the assets from other business activities of the owner. Tensor Cloud supports bundling up your assets under SPVs to simulate their financial performance in bulk. SPVs on Tensor Cloud allow for sophisticated modeling of SPV debt and equity structure to aid financial modeling of large portfolios.

PPAs

On Tensor Cloud, Power Purchase Agreements (PPAs), which are contracts between buyers of green electricity and sellers or owners of the assets generating the electricity, can be easily created and managed. PPAs can bundle hundreds of assets into a single contract. Tensor Cloud allows to simulate not only individual assets, but also large portfolios with electricity generated by hundreds of assets. Changing the terms of a PPA will change the economic outcomes of all attached assets.

BGs

As Tensor Cloud also supports operational management of power plants and batteries, you can create and manage balancing groups on the platform. Tensor Cloud uses Balancing Group information to enable automated trading and balancing of your assets.

Scenarios

Scenarios on Tensor Cloud contain assumptions about macro-economic and energy market developments in the future. You can create assumptions about the most important drivers of asset value such as electricity prices, inflation rates, and curtailment. While you can create completely custom assumptions about the future, Tensor Cloud comes with a number of built-in assumptions that are based on publicly available data from government ministries and industry associations.

Although you can create as many scenarios as you like, each asset can only be assigned a single scenario. Changing a scenario, will change the simulated outcomes of all associated assets. You are able to simulate the same asset under different scenarios and compare the results to understand how it would perform under different market conditions.

Tensor Cloud contains a default scenario that all assets will be assigned to when they are created.