How renewable asset developers are optimizing their resource allocation with Mercatus Energy ILM

Renewable energy developers recognize the value of higher efficiency as it pertains to the field. For example, this year has seen great advancements in the efficiency of solar technology, which allowed developers to make better use of solar resources. This has brought the levelized cost of solar energy to a point where it is truly competitive with more traditional forms of energy generation.

While efficiency in the field is universally recognized as a boon, the efficiencies in the development process are curiously overlooked as an easy tune up that can increase a company’s competitiveness within a given industry.

Efficiency in renewable development doesn’t start and stop with the physical output energy, nor do the technological advancements. An asset investment management process allows developers to increase efficiencies in project development workflow. Just as efficient practices in the field are essential to renewables’ competitiveness with other generation, efficiencies in the development process makes your company competitive within the renewables industry.

As a team of developers, your major resource is your manpower. How you use it will dictate how quickly, if at all, you meet your project goals. Mercatus Energy Investment Lifecycle Management (ILM) provides you with the tools necessary to most effectively allocate your resources — giving you a leg up on the competition. These tools include the ability to assign tasks to specific resources, and also view resource capacity (i.e. who can take on more, and who is might already be overloaded).

Additionally, Energy ILM gives you greater visibility over your projects, on an individual and portfolio level. The ability to view all project tasks, milestones and deadlines — combined with the knowledge of who is working on what, and exactly what their progress is — is key in identifying resource bottlenecks and reassigning tasks in order to keep projects on time.

The value of resource allocation, at the development phase, has been well known since Henry Ford perfected the assembly line. While the renewable industry was built on squeezing every drop out of physical resources, renewable energy developers still complain that they are unsure of how to best prioritize manpower across projects– and that is exactly where Energy ILM makes a difference.

Instead of working harder, we should be working smarter; that old maxim is especially relevant in the renewable energy development, were growing resources is difficult. By taking advantage of the tools that Mercatus Energy ILM can offer, you can take more full use of an oft undervalued resource — your team.