GreenBug Energy engages in Research & Development activities in the lab and in the field with our research partners with the objective of improving the financial returns on installations (IRR) over the life of the project (assumed 40 year min).
We do this because we develop sites using our own equipment and therefore our focus is on improvements that will impact the financial returns on projects over the long term.
As a result we focus our R & D efforts on several areas that can affect our investment returns.
Technology breakthroughs/improvements – major breakthroughs or minor improvements in technology that result in increased revenues or lower costs such as efficiency increases, longer equipment life, lower maintenance requirements etc.
Modeling breakthroughs/improvements – modeling improvements that allow us to select the most optimum system design faster, cheaper and more accurately.
Process breakthroughs/improvements – improvements in how things are done throughout the site development process from how we assess sites to how we install and maintain them.
It’s not all about the technology after all, it’s about being able to implement the technology in a cost effective manner that assesses and controls the associated risks in project development.