Magazine

Smart People: IoT Climate Control

Hanno Schoklitsch of Kaiserwetter

Hanno Schoklitsch is a man on a mission. “Bringing together supply and demand is one of the biggest challenges in the energy industry,” says the CEO and founder of Kaiserwetter Energy Asset Management, a young IoT Climate Control company on a sharp upward trajectory. Kaiserwetter has expanded from its roots in Hamburg, Germany, to include branch offices in Madrid, New York, and recently in China. It employs more than 300 specialists – climate experts, engineers, analysts, and programmers. The startup has set its goals on using real-time, IoTbased data, energy investment portfolio managers that can maximize profits and minimize risk. “Climate control and reducing the greenhouse effect are very noble goals in themselves,” Schoklitsch says, but his sights are set on something else: the bottom line. “Climate control should be about investment, and investors are looking for security,” he believes. He aims to give them all the information they need to make informed investment decisions and be sure their energy plants – everything from classical fossil-fuel and nuclear power plants to wind turbines, solar farms, hydroelectric power stations, and biogas production – are squeezing as much profit as possible out of the money invested in them. That will allow operators to increase efficiency and thus reduce their environmental footprints.

Climate control should be about investment, and investors are mainly looking for security.

Hanno Schoklitsch

IoT Climate Control: Hanno Schoklitsch of Kaiserwetter

 

Simply bemoaning the rise in CO2 levels and hugging trees, he believes, won’t help us meet the objectives of the Paris Climate Agreement, especially since the current US administration has taken the United States out of the picture as far as battling global warming is concerned. Luckily, he says, individual states are still in the game, especially California, itself the seventh-largest nation economy in the world. The first thing energy executives need, says Schocklitsich, is data. With that in mind, he has turned his small company into a data aggregator. “We’re providing the ability to aggregate and correlate data from all over the world, things like technical, meteorological, and financial data, and benchmark which equipment is working properly or not to make risk assessments on a local, regional, or international basis so investors can make performance-based decisions,” he told Forbes, a business magazine. Many companies around the world rely on enterprise resource planning, or ERP systems, for insights into the workings of their companies. Schocklitisch teamed up early with Germany’s most valuable company, SAP, becoming a premium partner and basing its core product, named “Aristoteles” on the SAP Cloud Platform, using SAP Leonardo IoT, analytics, and machine learning capabilities. Using smart data analytics to unlock private capital investments in renewable energies, Aristoteles won the worldwide SAP Innovation Award for 2018 at the company’s annual bash, SAPPHIRE, in Orlando, Florida. Schoklitsch was born in a tiny town high up in the Austrian Alps and studied engineering in Graz. He spent a few years in real estate before founding Kaiserwetter Energy Asset Management in 2012. His plans at Kaiserwetter call for adding capabilities like predictive data simulation analytics, energy storage optimization, blockchain, AI, and demand-side power generation into Aristoteles already impressive list. All this comes with one overarching objective in mind: “By increasing investments in renewable energies, we can improve the lives of millions of people worldwide,” Schoklitsch maintains.

The Smart People 2/2018

 

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