Amplify Energy Inc., a provider of engineering services to solar project owners, buyers and developers, says it has commenced business operations at its headquarters in South San Francisco.
The new business has been independently spun off from Yingli Green Energy Americas Inc., a partially owned subsidiary of Yingli Green Energy Holding Co. Yingli is an investor in Amplify Energy.
By using performance engineering and its proprietary PVSAT software, the Amplify Energy team can thoroughly analyze production and weather data. The team determines the extent to which performance is meeting expectations and quantifies its impact on future revenue potential.
In addition to performance analysis, the company offers inspection and testing, as well as consulting services. Amplify Energy provides services at its headquarters, which serves as a third-party test laboratory with indoor and outdoor test facilities, or on-site at the project.
‘We started Amplify Energy to address the gap between expected and actual performance,’ says Brian Grenko, CEO of Amplify Energy and former vice president of technology for Yingli Americas. ‘The reality is that, over time, installed systems have typically performed differently than originally modeled. System owners often lack the quality data and analysis tools needed to capture unrealized production revenue when monitoring system performance – which can amount to millions of dollars of lost savings per year per site.’