Power Factors Partners with AssetOptics to Create Real Time Monitoring, Maintenance Management and Performance Optimization Solution for Solar Power Plants

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AssetOptics, a leader in cloud-based CMMS/EAM solutions, today announced that it has teamed with operations and maintenance (O&M) services firm Power Factors LLC to deliver a solar-power-specific, automated maintenance monitoring, scheduling and alerting system. For the solution, Power Factors integrated the maintenance management system functions of AssetOptics into a real-time asset performance monitoring platform based on OSI Soft’s best-in-class software.

“We do real-time operations management for solar power plant owners, including monitoring, maintenance and performance optimization,” said Steve Hanawalt, a founding partner of Power Factors.

AssetOptics, a leader in cloud-based CMMS/EAM solutions, today announced that it has teamed with operations and maintenance (O&M) services firm Power Factors LLC to deliver a solar-power-specific, automated maintenance monitoring, scheduling and alerting system. For the solution, Power Factors integrated the maintenance management system functions of AssetOptics into a real-time asset performance monitoring platform based on OSI Soft’s best-in-class software. The completed solution drives efficiency and profitability improvements for Power Factors’ customers.

“We do real-time operations management for solar power plant owners, including monitoring, maintenance and performance optimization,” said Steve Hanawalt, a founding partner of Power Factors. “Now that we have integrated Asset Optics’ automated maintenance management solution with our asset performance platform, we can automatically generate work orders, query contractual entitlements and generate plant-level reporting with no human intervention; all based on the ability of our system to remotely monitor multiple systems and detect anomalies.”

With the solution Hanawalt and his team developed, Power Factors’ system monitors its customers’ plants in real time, recognizes pre-set triggers and then connects with AssetOptics to generate appropriate actions and customized workflows without intervention. The Power Factors system then notifies the customer of the operational event, the resulting action item and the associated economic impact.

“Prior to forming Power Factors, Steve Hanawalt was global head of O&M at SunPower, where he was responsible for commissioning and managing more than 600 plants,” said AssetOptics Founder Mike Edwards. “Steve and his team utilized this extensive knowledge base to architect a solution to drive tangible benefits to Power Factors’ customers.”

“This application of AssetOptics’ flexible and configurable tool set is an excellent example of how AssetOptics works with its customers to build high-value solutions,” Edwards concluded.

Before Power Factors’ development of its custom offering, the monitoring and maintenance-tracking functions of these plants’ operations were usually completely siloed, with tracking and recordkeeping managed by hand or through a spreadsheet.

“If a customer has hundreds of commercial obligations in the plant, they used to need personnel to monitor and manage those operational issues and take action,” said Hanawalt. “We are making our customers’ solar plants more profitable by taking the labor costs out of the equation and using IT to make operations more efficient. I don’t think anyone else in the industry is offering what we do.”

About Power Factors
Power Factors LLC is an independent O&M services company that equips asset owners with infrastructure and services to optimize the operational performance of customer assets. Power Factors’ hosted network data platform provides real-time visibility into the operational performance of assets. Power Factors can provide owners with comprehensive O&M services including monitoring, reporting, field service and performance optimization. For more information, visit http://www.powerfactorscorp.com.

About AssetOptics
AssetOptics is a privately held company with deep domain expertise in enterprise asset management. AssetOptics Facilities, Equipment and Fleet Maintenance for Salesforce is a native Force.com application, benefiting from the reliability, scalability and performance of salesforce.com’s trusted enterprise cloud computing platform. For more information, visit http://www.assetoptics.com.

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Jennifer Koon
Michael Mackenzie Communications
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