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Hexagon's R-evolution launches its renewable energy project portfolio with a focus on digitalising solar production

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Hexagon AB has launched R-evolution, a new initiative focused on reducing carbon emissions through renewable energy solutions. The project includes acquiring a 40-hectare site in Archidona, Spain, featuring an 8.24 MWp photovoltaic solar park, with plans to double its capacity to 16.44 MWp. This expansion aims to power the local community and offset 8,400 tonnes of CO2 annually. R-evolution will leverage Hexagon's sensor technology to enhance solar production efficiency and aims to expand its renewable portfolio to include additional solar and wind sites.

Positive
  • Acquisition of 40 hectares in Archidona, Spain, for renewable energy.
  • Launch of R-evolution focused on developing solar energy solutions.
  • Plans to double solar park capacity from 8.24 MWp to 16.44 MWp.
  • Potential to power over 8,000 households and offset 8,400 tonnes of CO2 per year.
  • Utilization of Hexagon's technology for enhanced operational efficiency.
Negative
  • None.

NACKA STRAND, Sweden, June 15, 2021 /PRNewswire/ -- Hexagon AB, a global leader in sensor, software and autonomous solutions, today announced the first of R-evolution's investments, which aim to reduce carbon emissions by ramping up renewable energy efficiencies and output. The acquisition of a 40-hectare site (equivalent to 60 football fields) in Archidona, Spain, marks R-evolution's initial plans—to digitalise solar energy production. Launched in mid-February, R-evolution is Hexagon's business venture focused on reinventing how industry addresses complex environmental challenges—profitably.

Located just North of Málaga airport, the acquisition includes a newly constructed, 8.24 megawatt-peak (MWp) photovoltaic (PV) solar park, which uses PV cells to convert the sun's energy into electricity. Site expansion plans already underway involve doubling the park's peak capacity to 16.44 MWp—enough to power all the households of Archidona every year (a population of over 8 thousand) and the equivalent of offsetting 8,400 tonnes of CO2 equivalents per annum.

The completed solar park will house 40,000 bifacial (double-sided) panels mounted on horizontal axis trackers, which together enable energy absorption from both sides and automatic tracking of the sun to increase efficiency and output. R-evolution will operate and expand the park's efficiency further by putting data to work through the use of Hexagon's sensor hardware and software monitoring solutions. Hexagon's visualisation platforms combined with ground and mobile sensor solutions will create a Smart Digital Reality of the facility that can be actively, remotely and autonomously monitored to aid inspections, quickly detect panel anomalies, improve targeted maintenance, and more.

"The site will serve as an exploratory innovation hub for leveraging Hexagon and partner technologies in the solar production ecosystem. It's an excellent opportunity for R-evolution to gain first-hand experience working with world-leading industry partners," says Hexagon President and CEO

Ola Rollén

. "Additionally, the ground-up construction expansion will provide an even bigger opportunity to apply Hexagon's data-centric solutions—from planning and design through build and operation—essentially digitalising solar production from start to finish."

"This is the launch of a much greater vision for R-evolution," continued Rollén. "We plan to expand its renewable energy project portfolio to new PV and wind sites with innovative storage capacity, expanding Hexagon's technology leverage in renewable energy projects while generating cash flow for future waves of R-evolution investments."

Learn more about R-evolution's projects here: 

r-evolution.com/r-projects

.

For further information, please contact:

Maria Luthström, Head of Sustainability and Investor Relations, Hexagon AB, +46 8 601 26 27, ir@hexagon.com

Kristin Christensen, Chief Marketing Officer, Hexagon AB, +1 404 554 0972, media@hexagon.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon/r/hexagon-s-r-evolution-launches-its-renewable-energy-project-portfolio-with-a-focus-on-digitalising-s,c3366812

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https://mb.cision.com/Main/387/3366812/1431753.pdf

Press Release

https://news.cision.com/hexagon/i/r-evolution-web-pod-engage-pr-solar-plant,c2925028

R-evolution web Pod ENGAGE PR Solar Plant

 

Cision View original content:http://www.prnewswire.com/news-releases/hexagons-r-evolution-launches-its-renewable-energy-project-portfolio-with-a-focus-on-digitalising-solar-production-301312167.html

SOURCE Hexagon

FAQ

What is R-evolution by Hexagon AB?

R-evolution is Hexagon AB's new initiative aimed at reducing carbon emissions through renewable energy projects, focusing on solar energy digitalization.

Where is Hexagon's new solar park located?

The new solar park is located in Archidona, Spain, covering 40 hectares.

What is the capacity of the solar park acquired by Hexagon?

The initial capacity of the solar park is 8.24 MWp, with plans to expand it to 16.44 MWp.

How many households can the solar park power?

The solar park aims to power all households in Archidona, which has a population of over 8,000.

What are the environmental benefits of Hexagon's solar park?

The project is expected to offset 8,400 tonnes of CO2 equivalents annually.

What technologies will R-evolution utilize?

R-evolution will utilize Hexagon's sensor hardware and software to enhance solar production efficiency.

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