Net-demand energy forecasts are critical for competitive market participants, such as in the Electric Reliability Council of Texas (ERCOT) and similar markets, for several key reasons. For example, ...

Hitachi Energy debuts Nostradamus AI, which delivers fast, accurate renewable energy forecasts, load predictions, and market pricing insights. Nostradamus AI is one of the first AI forecasting tools ...

The expansion of large language models (LLMs) is creating a new problem for power grids: electricity demand from AI data centers is rising rapidly, but some of the information needed to forecast that ...

Accurately predicting solar irradiance and wind flow patterns is requisite for renewable energy forecasting—but precision alone simply isn't enough. The data must be actionable, fast, and seamlessly ...

Global energy markets, valued at $24.1 billion in 2024 and projected to grow to $31.2 billion by 2031, have always been influenced by weather. Solar generation depends on clear skies, wind power ...

Researchers from Spain’s Valencia Polytechnic University have developed a novel method for forecasting the power generation of PV systems. Its novelty lies in developing a hyperparameter optimization ...

“For energy providers with their fickle raw materials, the only way to manage uncertainty is a detailed and timely understanding of energy supply and demand,” writes Evgeny Finkel. Image: Tigo Energy ...

Open Climate Fix says its Quartz Solar tool saves Great Britain’s grid operator GBP 30 million ($39 million) per year through more accurate forecasting, which reduces the reserve capacity needed for ...