KPI Dashboard

Creating Actionable Insights

These data will be captured in contracts that will be triggered and stored on an immutable blockchain. Our producer key performance indicator (KPI) dashboard will reflect three technological focal points - business insights, digital twins, and operations monitoring.

Business Insights

Analytics can transform data into business intelligence through KPIs. For green hydrogen, data obtained from production plants, storage and distribution networks, energy off-takers, and weather, can provide corrective action recommendations to maximise yields. Energy losses can be prevented by forecasting failures and optimising electrolyser uptime, ultimately increasing revenues, and decreasing OPEX.

Monitoring

Managers can observe real-time production analytics and control of assets remotely. Lowering energy consumption and improved employee management can lead to 10-20% operating cost reductions. Leveraging monitoring models with KPIs such as energy consumption, production rates, and equipment performance allows operators as well as investors to view cost and revenue forecasts and, if required, make strategic decisions to optimise returns. IoT with remote monitoring capabilities enhances safety measures through rapid anomaly detection using intelligent alarms and sensors to monitor asset health.

Digital Twins

Digital twin technology can be used to maximise the return of investment and minimise project risk. The testing of virtual representations of the physical environment in various ‘scenarios’ – such as weather conditions, demand volatility and current (or future) infrastructure, can be used to optimise the three lifecycle phases – design, build and operation.

Estimations suggest that digital twin technology can optimise capital expenditure (CAPEX) by 10-15% along with a marginal change in operating expenditure (OPEX) by 30-50%. Digital Twin will influence how the design, build, and operations of a device are constructed in a single lifecycle, which comprises three phases – design, building, and operation. Most notably, the DT feedback aids producers in real-time by improving the operation of the H2 production device, based on current information. Further, the collected feedback facilitates the better design and improved manufacturing by the lessons that are learned and the recalibration that has taken place along the way.