Because they depend on weather, renewable sources such as solar and wind are inherently challenging to predict. In contrast to traditional statistically based methods for forecasting renewables, AI and machine learning solutions can tap into hundreds of data sources in near real time and are capable of training—and re-training—themselves, resulting in
• More accurate forecasts based on up-to-the-minute data
• Reduced need for specialized expertise
• Faster adaptation to changing environmental factors
The U.S. government has set a goal of reaching
100% carbon pollution–free electricity
Solar made up
45% of new electricity generation capacity
added in the United States through the first three quarters of 2022.2
The U.S. wind industry installed over
of new wind capacity in 2021—the second-highest amount installed in one year.3
AI and machine learning platforms can mine data in real time from a wide array of sources, including
Applications like Splight use advanced models to evaluate data from these and other sources in producing highly accurate forecasts of both supply and demand, enabling utilities to accommodate fluctuations and ensure an optimized flow of clean energy.
Over time, these platforms can identify patterns and use the resulting insights to update their models, eliminating the need for manual retraining.
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Driven by increasing compliance requirements, escalating customer expectations, and growing concerns over safety and grid reliability, utility companies are seeking innovative solutions for managing risk more effectively ... Continue reading