forecasting

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, accurate forecasting helps predict when supply-demand imbalances will create price spikes or crashes, allowing traders and generators to optimize their bidding strategies. It’s also important for asset […]

Between plummeting temperatures and surging demand, the record-breaking Arctic blast that swept across the Northeast in January put power suppliers to the test. Their success in managing the volatility traces back to decisions made days and weeks earlier. Those with accurate forecasting models navigated the cold spell successfully. Others faced stark choices between absorbing massive […]

The UK will back a “digital twin” of future multi-vector energy systems, including non-electric ones, that will support the country’s efforts to meet its 2050 net-zero objectives. The UK’s effort echoes several initiatives launched worldwide to deliver new visibility, knowledge, and understanding of future energy systems and integrate real-time modeling. UK transmission and distribution grid […]

Moving from reactive to predictive maintenance requires the right tools for use by subject matter experts. As the power industry continues to advance from preventative to predictive maintenance, one thing is

Hanoi (March 15, 2021) — Solargis, the data and software architect for bankable solar investments, has been appointed by the National Load Dispatch Centre (NLDC) of Vietnam to supply advanced production forecasting data that will support the integration of large volumes of renewable energy into the national grid. The contract with NLDC – a subsidiary […]

COVID-19 has caused a dramatic shift in the consumption of electricity across the U.S. Stay-at-home mandates have forced millions of businesses to close or shutter their offices and storefronts, dramatically