Vice President, Engineering Arevon Scottsdale, Arizona, United States
Presentation Description: Stakeholders seeking to streamline and de-risk project development will learn the key elements of Arevon’s bespoke process, which is a blend of self-developed protocols, off-the-shelf software, and homegrown tools. Arevon’s process mitigates risks and speeds decision making associated with project siting, development, and construction - effectively reducing the time spent on early-stage analysis and layout production from weeks to days. The process mitigates COD delays, improves RFP response times and enhances confidence in the project proposal.
Phase 1: Constraint Identification The first phase involves identifying project constraints. Inputs like flood, wetlands, desktop data, lease agreements, and any other available due-diligence are integrated to highlight the key project challenges.
Phase 2: Scenario Optimization Next, design scenarios are generated based on site-specific inputs and paired with preliminary production and cost estimates. This optimization identifies the ideal design that yields the greatest production at the lowest cost.
Phase 3: Autonomous Financial Modeling Finally, scenarios are run through a simplified autonomous financial model. This ensures that designs are assessed for key performance indicators (e.g., internal rate of return). The process allows teams to make definitive go/no-go decisions quickly, minimizing time spent on projects that do not meet financial benchmarks.
Learning Objectives:
Understand Arevon’s multi-scenario optimization and early-stage design screening process. To reproduce this process, participants would have to purchase similar software and create comparable templates for analyzing technical and financial data.
Gain insights to increase the ratio of projects assessed to projects under construction, accelerate project timelines and boost success rates in the competitive renewable energy market.