Tech Mahindra and Mahindra TEQO Joining to create Digital Solutions for Renewable Industry
Bengaluru, India – November 28, 2019: Tech Mahindra and Mahindra TEQO, both being the parts of Mahindra Group; joined to generate digital findings for the renewable energy sector.
Tech Mahindra, a leading producer of digital transformation, consulting and business re-engineering services and solutions, has announced a tie up with Mahindra TEQO (Technology, Quality and Operations), both being the parts of Mahindra Group, newly formed renewable energy asset management company, to create digital solutions for the global renewable energy industry. These solutions created hold the next generation technologies like Artificial Learning, Machine Learning, Augmented Technology, Virtual Reality and Industrial Internet of Things. This will have the potential to decrease operating and maintenance costs by a fifth, Tech Mahindra told the reporters. The partnership between both will create a digital environment for the global renewable energy
industry, supply high value, integrated clarifications to customers globally and provide dominant support for customers throughout the lifecycle of the asset.
Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra, said, “At Tech Mahindra, our focus is to ensure that business decisions across industries and geographies, lead to an equitable and sustainable growth. 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 optimize their renewable energy assets.”
Mahindra TEQO is a new age tech-enabled Renewable Energy Asset Management offering from the Mahindra Group. Mahindra TEQO offers complete suite of products & services for streamlined asset management to help global renewable industry maximize returns from your RE assets.
Customers will be having an ample acceptance of asset performance using new interactive plant performance analysis, real-time alerts, energy and event log analysis, audit or report energy production and meter analysis, automatic fault localization, remote trouble shooting etc. It’s a Solar plus cloud based application which analyse plant performance data, which will be synergised with Tech Mahindra’s asset rise. This facilitates modular deployment of asset management and asset performance, management to improve the asset monitoring.
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 manage.