power forecasting News
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Wind Power Forecasting with EA-PSM SAS
Free electricity trade market requires wind power producers to forecast day-ahead power generation. Mismatch between forecasted and real generation becomes direct losses for the wind power plant owner. However, due to intermittent nature of the wind, simple forecasting models usually are not good enough to reach satisfactory results. Automatic and self-learning algorithms are needed to ensure ...
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How much is renewable power forecast worth?
Did you know that it is possible to improve power forecast deviations up to 5% just by combining energy forecast systems with energy monitoring systems? Energy Studio Pro® open, flexible and secure platform and SMARTWATT’s intelligent forecasting provide the best A.I. tools to optimize your portfolio. BaxEnergy and SMARTWATT have joined forces to provide the first integrated solution ...
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ENMAX Power Concludes Alberta's First EV Smart Charging Pilot, Reports Results
ENMAX Power has concluded Alberta's first EV smart charging pilot which helps prepare for the growth of electric vehicles in the coming years. With ENMAX Power forecasting the number of electric vehicles to grow from around 3,000 today to 200,000 by 2035, it launched a pilot to study charging behaviour and the overall effect EVs have on Calgary's power grid. "Customers' electricity needs are ...
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Photovoltaic Balance of Systems In Focus as Feed-in-Tariff Uncertainty Spreads in Europe
Berlin, April 1, 2011 The European PV market is in a unique and continuing state of flux, with 2010 global installations amounting to 15.7 GW. German installations have set the record again with 3.9 GW in the first half of 2010 with a peak in June of 2.1 GW, and in total, Germany has reached 6.7 GW in 2010. Italy installed 2.85 GW in 2010 reaching a total of 7GW and the Czech Republic gained ...
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Third-largest LPG Retailer in Brazil Implements SAP
Supergasbras uses SAP SDM throughout the country for forecasting, distribution and process automation Supergasbras has done it: the Brazilian LPG retailer migrated its logistics IT from obsolete insular solutions to a modern SAP landscape with automated processes throughout the country. The roll-out was successfully conducted with no interruption or impairment of day-to-day operations. With SAP ...
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Market for Nuclear Valves to Exceed $2.4 Billion in 2017
East Asian purchases of valves for nuclear power plants will boost the market for valves in the nuclear industry to over $2.4 billion by 2017. This is the conclusion in Nuclear Power Plant Valve Forecast and Analysis published by the McIlvaine Company. In 2017 China and other East Asian nuclear valve purchasers will spend $755 million. This represents over 30 percent of the anticipated total ...
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DOE Announces $30 Million for Quantum Information Science to Tackle Emerging 21st Century Challenges
The U.S. Department of Energy this week announced plans to provide $30 million for Quantum Information Science (QIS) research that helps scientists understand how nature works on an extremely small scale 100,000 times smaller than the diameter of a human hair. QIS can help solve some of the most pressing and complex challenges of the 21st century, from climate change to national security. This ...
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Frost & Sullivan Projects Global Annual Investments of $100 Billion until 2025 in Wind Power
Recent analysis from Frost & Sullivan, The Global Wind Power Market, Forecast to 2025, finds that the global wind market has witnessed tremendous growth, with an addition of more than half of the world’s wind power capacity over the past five years. The global wind market, onshore and offshore, is driven by various governments’ initiatives to improve energy security and, in ...
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Solar PV and Energy Storage to Propel the European Direct Current Power Market to 40 million by 2025
Frost & Sullivan’s latest analysis, European DC Power Distribution Market, Forecast to 2025, finds the market is expected to reach $40.1 million in 2025 with a compound annual growth rate (CAGR) of 31.2% over the forecast period 2017-2025, driven by the increasing integration of solar photovoltaic system (PV) and energy storage in residential and commercial buildings. Despite combined ...
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Market Research Forecasts Thermal Power Maintenance Market Growth at 5.5% CAGR Through 2020
MarketResearch.com has announced the addition of the new report "Thermal Power Maintenance Market to 2020 - Rising Electricity Demand and New Installations Stimulate Asia Pacific and Middle East Markets," to their collection of Energy market reports. For more information, visit http://www.marketresearch.com/GBI-Research-v3759/Thermal-Power-Maintenance-Rising-Electricity-6842484/ This report ...
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Energy Department Announces More than 90% Achievement of 2020 SunShot Goal, Sets Sights on 2030 Affordability Targets
November 15, 2016 -- The Department of Energy's Office of Energy Efficiency and Renewable Energy yesterday announced a commitment for its SunShot Initiative to cut the cost of solar-generated electricity by 50% between 2020 and 2030. This new target is a reflection of the SunShot Initiative's leadership in helping the industry reach more than 90% of its established 2020 goal in five years. ...
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Report Examines the Uptake of Drones in the Power and Utilities Sector
An analysis by Frost & Sullivan, Drones in the Global Power and Utilities Industry, Forecast to 2030, reveals that the market for drones in the power and utilities industry will continue to expand at a compound annual growth rate of 23.6%, reaching $515 million by 2030. Ongoing digital transformation trends across the power and utilities sector and an increase in the adoption rates of drones ...
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Clarke Energy Expands Australian Rental Operations with Horizon Power
Clarke Energy is expanding its Australian power station rental operations through the supply of GE’s gas engines to Horizon Power’s Short Term Power Project near the remote Pilbara town of Onslow in Western Australia. Power station utilises 3 of GE’s J320 gas engines with 3MW of power for local operations prior to the construction of a permanent power station Deal represents ...
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Global Inverter Market for Renewable Energy Systems
Reportlinker.com announces that a new market research report is available in its catalogue: Global Inverter Market for Renewable Energy Systems http://www.reportlinker.com/p0925229/Global-Inverter-Market-for-Renewable-Energy-Systems.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Renewable_energy This research service analyzes the market for inverters employed in renewable energy ...
By ReportLinker
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Veritone's Energy Demand Forecaster Outperforms Cal ISO by 31% in November
Veritone, Inc., creator of aiWARE, a hyper-expansive enterprise AI platform, announced this week (Jan 24) that its day-ahead market (DAM) energy forecaster outperformed the California Independent System Operator (CAISO) in November of 2021. Using CAISO's OASIS market data, Veritone posted mean and median absolute percentage error rates that were 30% better than CAISO's demand forecast for the ...
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Global Distributed Power Generation Market Set for Rapid Growth
Zion Market Research has published a new report titled “Distributed Power Generation Market: Global Industrial Perspective, Comprehensive Analysis, and Forecast, 2017 – 2023”. According to the report, the global distributed power generation market was valued at USD 57.36 billion in 2017 and is expected to reach USD 103.28 billion by 2023, growing at a CAGR of 10.3% between 2018 ...
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Nuclear Power in the US, Market Outlook to 2025, 2012 Update - Capacity, Generation, Regulations, Power Plants, Companies
Reportlinker.com announces that a new market research report is available in its catalogue: Nuclear Power in the US, Market Outlook to 2025, 2012 Update – Capacity, Generation, Regulations, Power Plants, Companies ...
By ReportLinker
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Global Information, Inc. Announces Smart Grid IT Systems Research and Electric Power Distribution Forecasts
FARMINGTON, Conn., April 11, 2012/PRNewswire-iReach/ -- Global Information, Inc. is pleased to announce three significant new clean energy, battery, and electricity distribution market research reports available immediately. Smart Grid IT Systems The "smart" in smart grid comes from the ability to generate, manage, and analyze a wide range of new information about the network and its users. ...
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Solar Photovoltaic Generation Expands in the Americas as Capacity Installations More than Double
The annual solar photovoltaic (PV) installations in key Americas countries are expected to grow at 5.5 percent, generating $141.2 billion in annual investment by 2022. Backed by strong regulatory activity aimed at adjusting incentives and support mechanisms, solar has extended beyond the traditional markets of the US and Chile to Mexico, Brazil, Argentina, and Colombia. The annual installed ...
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NYPA Study Shows Benefits of Solar Forecasting for Maintaining Effective Grid Operations
The New York Power Authority (NYPA) and its research partners have completed a multi-year study to help New York State's growing solar industry deploy weather forecasting technology to better anticipate power generation and improve electric grid reliability. The project addresses challenges raised by the uncertainty related to solar output by offering advanced forecasting methods and making a ...
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