How Renewable Energy Companies can Capitalize on Location-Based Technology to Deliver Higher ROIDecember 14, 2020Location Or Spatial TechnologyBy: Vivian NguyenShare: TwitterFacebookLinkedInEmailDemand for green energy is increasing, and renewable energy companies are working hard to keep up. Utilizing location-based technology can help these companies meet growing demand, with solutions for gathering data, improving workflows, and even avoiding risk. Here’s how:Accurate property dataAccessing accurate property data is essential for companies seeking optimal sites for expanding infrastructure. Location technology provides access to precise property data that is always updated, removing the need to rely on outdated methods of gathering data.Efficient workflowsTaking full advantage of a location-based technology platform can result in improving internal workflows. For example, you can:Standardize data and templatesSend platform-generated mailers to landownersAccess automatically updated dataDetermine accurate land value for new sitesData-driven decision making can ensure a cost-effective approach to land acquisition. Location-based technology enables you to gain access to historical data, showing how each parcel has changed over time, which could be helpful in projecting how land value could trend in the future.Find and avoid potential risksLocation-based technology can be used as a risk-mitigation tool that helps renewable energy companies avoid acquiring suboptimal land. Viewing this type of data offers unique insights when considering properties, making it clear where the best opportunities exist. DMP LightBox provides location intelligence solutions that seamlessly integrate into your company’s workflows. Our solutions offer flexible, content-rich location intelligence with compelling insights that lead to more effective decision-making for renewable energy companies. For more information about how renewable energy companies can fully utilize location technology, read more here.