Our power generation forecaster is a winner in the “KI-Champions Baden-Württemberg 2024” competition by the Baden-Württemberg Ministry of Economic Affairs, Germany
SOLUTION OVERVIEW
Addressing your challenges in PV power generation, storage & trading
Key problems
Inefficient energy trading
Discrepancies between actual and expected PV energy output result in higher risk premiums and potentially unfilled contracts.
Decreased asset performance
External factors, such as dirt accumulation, or equipment failures reduce the optimal performance of PV assets.
Suboptimal usage of storage capacity
Inefficient battery storage due to unclear fluctuations in PV energy output results in lost potential or reliance on external energy sources.
Solution
Our forecaster uses generation data and weather forecasts to predict PV power output from 15 minutes to 2 weeks in advance in 15-minute intervals.
… and deliver reliability for each forecast.
The key advantage of our solution is that it provides not only generation forecasts but also a confidence value for each prediction as a reliability measure. This allows users to identify inconsistencies in the input data and detect root causes for (potential) inefficiencies within PV assets.
SELECTED KPIs
Generating measurable value
Less than 2% Error of PV Power Generation Forecasts
Our solution delivers generation forecasts with less than 2% deviation between predicted and actual PV power output.
Identification of 90% of the Root Causes for Inefficiencies
Our solution provides confidence values for each forecast to enable PV operators identify up to 90% of the root causes (RCs) for (potential) inefficiencies within PV assets.
Improvement of Battery Usage by up to 60%
By optimizing the scheduling of PV power storage and grid feed-in, our solution enhances battery usage by 60% and minimizes lost potential.
INTERACTIVE DASHBOARD
Delivering actionable insights for PV operators & energy traders
Benefit from insights into PV power generation output, asset efficiency, and battery usage optimization, provided in an easily interpretable format for you. We integrate near real-time data and predictive analytics, allowing you to visualize forecasts, track performance metrics, and identify (potential) issues in an interactive dashboard, tailored to your needs.
CORE FEATURES
Tailoring our solution to your specific business needs
Generation Forecasts
Forecasts for photovoltaic power generation from 15 minutes to 2 weeks in advance in 15-minute intervals.
Confidence Intervals
We deliver a reliability measure for each forecast, which can be used, e.g., to identify anomalies in the input data or detect a (potential) asset issue.
Battery Storage
Actionable recommendations for scheduling of energy excess storage in batteries or feeding it back into the grid.
Asset Monitoring
Continuous monitoring of asset condition and performance to identify abnormalities, such as dirt accumulation, affecting the energy output.
Maintenance Scheduling
Predicting the maintenance needs of photovoltaic systems, including scheduling optimization.
Dashboarding & Reporting
Standardized reports and interactive dashboards facilitate clear communication, performance tracking, and trend analysis over time.
Technical characteristics
Interpretable Model
Self-learning System
TLS Encryption
Integration with risk management system
On Premise / in Cloud Deployment
Standardised REST interfaces
BENEFITS
Providing a complete solution with pre-built functionalities
Eliminate the need for lengthy custom development cycles. Our turnkey solution delivers immediate results to drive your business forward.
Benefit from a complete, fully functional system from day one. Our turnkey solution covers everything from data integration and processing to delivering actionable insights.
Reduce integration time and costs for data and AI solutions. Our turnkey solution can be fully integrated with your existing systems within one month.
Our solution ensures reliability through pre-built and -tested functionalities, reducing the risks of delays and budget overruns associated with custom development.
Benefit from our expertise. We offer comprehensive onboarding, training materials, and ongoing technical support to help you leverage the full capabilities of our turnkey solution.
Future-proof your investment. Our turnkey solution scales with your needs and guarantees functional and security updates.
ONBOARDING PROCESS
Guiding you from 0 through proof of value to continuation
Start now.
Request your free individual benchmark.
