QuantRisk
QuantRisk -Â Solar & Wind Power Generation Forecasting Solution Software
FromQuantRisk
QR AI Solar & Wind Generation Forecaster offers robust advanced AI forecasting solutions for intraday, and up to 7 days ahead, leveraging all weather, wind and radiance data indicators
Most popular related searches
wind power generation
solar wind
wind generator
solar generator
wind power
power generation
wind forecasting
solar forecast
wind and solar
solar asset
Clients’ profile. Generators, utilities, retail marketers, power traders, grid operators and investment firms operating in real-time intraday and day-ahead (5-60 mins resolution) energy and reserve markets.
Target. Target. Solar and wind generation are becoming increasing components of supply and generation portfolios. Their intermittent and stochastic nature is forcing all stakeholders to seek accurate and robust generation forecasts.
- Utilities and electric co-ops need to plan and hedge their sourcing portfolio in-light of behind-meter solar generation.
- Green energy providers and marketers need to optimally plan and hedge their sourcing portfolio.
- Renewable generators need to decide their bidding strategies in DA and intraday markets.
- System and transmission operators need to maintain grid stability in terms of voltage, frequency, and plan for reserves.
Implement real-time 24/7 automated, stand-alone and accurate solar and wind generation forecast solutions, as a web cloud solution that can be easily integrated with in-house planning and trading systems, ISO, grid, weather data services, and internal data sources.
QR AI Solar & Wind Generation Forecaster General Features
- QR AI Solar & Wind Generation Forecaster is fully automated and fetches your renewable generation, weather, wind, and solar radiance data. Forecast results are published via API or in web dashboards with data visualization and manual download options.
- You can always start with a POC Trial.
- We offer a range of intraday and 10 days-ahead renewable generation forecasts using especially configured Deep Learning and Machine Learning AI models.
- Forecast temporal resolution is 5-60 minutes, depending on your data and requirements. QR AI Solar & Wind Generation Forecaster can scale data while forecasting from lower to higher resolution, e.g., from actual 5-min generation data, it can forecast at 5, 15, 30 or 60 minutes resolution.
- The frequency of forecast computation can be configured from 5 to 30 minutes, 24/7, for real-time intraday forecasts, and several times a day for day-ahead forecasts.
- QR AI Solar & Wind Generation Forecaster can be licensed as a cloud service, where no hardware or software installations are needed, and you just need a browser. They can also be implemented on your private cloud or on-site, where you can control the data and the AI models.
- Due to the uncertainty of weather, wind and radiance data QR AI Solar & Wind Generation Forecaster produce probabilistic renewable generation forecasts with average, high and low forecasts at any desired percentile, e.g., 5 and 95, 10 and 90, 15 and 85, etc.
Solar Generation Forecasting
- QR AI Solar Generation Forecaster is a purely data driven AI solution which uses granular solar generation data as the forecast target, and weather and radiance data as predictors.
- The data analytics and feature extraction module builds and extracts deep features for AI modeling from optimal combinations of various weather and radiance indicators, DNI (Diffused Normal Irradiance), DHI (Diffused Horizontal Irradiance) and GHI (Global Horizontal Irradiance).
- We can license weather and radiance data from a range of vendors, and/or your can provide your own.
- To achieve greater accuracy, we forecast solar generation per single farm with pinpoint precision radiance data. We can then aggregate these forecasts across larger portfolios of solar assets.
- Due to the uncertainty of weather and radiance data QR AI Solar Generation Forecaster can also produce probabilistic solar generation forecasts with average, high and low forecasts at any desired percentile, e.g., 5 and 95, 10 and 90, 15 and 85, etc. For example, the 5 or 95 percentiles can be used to estimate lower generation scenarios for risk management in planning and hedging.
- Our data science team will closely work with you to configure the optimal AI model for your solar assets.
Wind Generation Forecasting
- QR AI Wind Generation Forecaster is a purely data driven AI solution which uses granular and aggregate wind power generation data as the forecast target, and weather and wind components as predictors.
- The data analytics and feature extraction module builds and extracts deep features for AI modeling from optimal combinations of various weather and wind indicators such as air pressure, speed, gust and direction.
- We can license weather and wind data from a range of vendors, and/or your can provide your own.
- By nature, wind power generation is intermittent, stochastic and varies constantly. QR AI Wind Generation Forecaster produces probabilistic wind generation forecasts with average, high and low forecasts at any desired percentile, e.g., 5 and 95, 10 and 90, 15 and 85, etc. The 5 or 95 percentiles can be used to estimate worst case scenarios for planning and hedging.
- Wind farms stretch over extended areas with varying geospatial wind data on one hand, and turbine generation rates on the other hand. To handle these geospatial and temporal data disparities the data processing and feature extraction module provides functionalities to average, scale and further aggregate and modify wind and generation data across extended areas, as well as segmenting the wind farms into groupings that are more amenable to generation modeling.
- Our data science team will closely work with you to configure the optimal AI model for your wind assets.