Calgary’s Peloton has announced an expansion into the alternative energy sector. The provider of energy software solutions, established in the early 90’s, says its latest initiative “addresses the complexities of land agreement management for solar, wind, utilities, mining, geothermal, and carbon capture projects.”
Peloton points out that renewable energies such as wind and solar demand sizeable chunks of a precious and finite resource—usable land. Solar farms need about six acres of land per megawatt of energy production, while wind farms require 30 acres per MW.
And alternative energy farms are often complicated undertakings. Major entities might be dealing with tens (or hundreds) of thousands of land agreements that span millions of acres of lands and myriad documents.
By streamlining land management at scale, Peloton believes its technology can empower organizations “to optimize operations while building the next generation of energy infrastructure.”
Peloton’s new land data management products are branded LandView and Peloton Map, and work together to deliver a full solution.
Available on the Microsoft Azure-backed Peloton Platform, LandView and Peloton Map combine to equip stakeholders with insights to monitor operations, maintain regulatory compliance, and enhance efficiency, according to the Alberta tech firm.
Features include interactive maps with real-time data, automation across payments and more, and an open architecture that allows for connection to existing infrastructures.
“Implementing land agreement data management on our cloud-first SaaS solution has revolutionized the way our customers operate,” said Mike Kennedy, who serves Peloton as Vice President of LandView Business Development.
“Our platform allows organizations to visualize agreement data, layer it with public and private datasets, and confidently manage it at scale,” he added.