Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,921.50-96.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Tech Mahindra and Mahindra TEQO partner to create digital solutions for renewable energy industry

These solutions—created by leveraging next generation technologies like artificial intelligence, machine learning, augmented reality, virtual reality and industrial internet of things—will have the potential to decrease operating and maintenance c...

ET Bureau|
Updated: Nov 14, 2019, 09.47 PM IST
0Comments
BCCL
Tech Mahindra
The partnership will create a digital ecosystem for the global renewable energy industry to deliver end-to-end integrated solutions to customers worldwide and provide support through the asset lifecycle, Tech Mahindra said.
PUNE: Tech Mahindra and Mahindra TEQO, both part of the Mahindra Group, are collaborating to create digital solutions for the renewable energy sector.

These solutions—created by leveraging next generation technologies like artificial intelligence, machine learning, augmented reality, virtual reality and industrial internet of things—will have the potential to decrease operating and maintenance costs by a fifth, Tech Mahindra told reporters on Thursday.

The partnership will create a digital ecosystem for the global renewable energy industry to deliver end-to-end integrated solutions to customers worldwide and provide support through the asset lifecycle, Tech Mahindra said.

“At Tech Mahindra, our focus is to ensure that business decisions across industries and geographies lead to equitable and sustainable growth,” said Jagdish Mitra, chief strategy officer at Tech Mahindra. “The aim is to enhance our portfolio by developing and collaborating with partners like Mahindra TEQO to provide our global customer base a platform powered by next generation digital technologies like Artificial Intelligence and Data Science, to not only help in operational maintenance but also to optimise their renewable energy assets.”

Mahindra TEQO (technology, quality and operations) is the Mahindra Group’s newly formed renewable energy asset management company. Its SolarPulse, a cloud-based software application which analyses plant performance data, will be synergised with Tech Mahindra’s AssetRise, which facilitates modular deployment of asset management and asset performance management, to improve asset monitoring.

This would give customers a comprehensive understanding of asset performance using advanced interactive plant performance analysis, real-time alerts, energy and event log analysis, automatic fault localisation, remote trouble shooting, etc.

Steve Odak, CEO of Mahindra TEQO, said, “The collaboration with Tech Mahindra provides a great opportunity for us to deliver a growing ecosystem of advanced technology products and services, backed by a strong team with deep domain expertise globally. We are excited to partner with Tech Mahindra as we focus our combined energies on serving a broader range of customers with industry-leading renewable asset management solutions and end-to-end integration capabilities.”

Also Read

AOT's digital solution making waves in global maritime sector

Cognizant rationalising costs to re-invest in talent, expand digital solutions portfolio

Tell me a story: Zirca Digital Solutions boss reads 3 books at a time

Xerox to focus on digital solutions, small towns

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service