Area Renewable Generation Prediction for Energy Trading
More and more wind and solar are integrated into grid. Predicting renewable generation is the key to predict supply, and thus the price
85~95%
Generation of wind and solar power is 85%~95% correlated with fluctuation of price in most areas
16%
Global wind and solar expected to account for 16% of total energy sources before 2030, up from 8% in 2020
20+
More than 20 countries have real time electricty trading running, that includes China, U.S.A., Canada, most of Europe and Australia
price vs wind generation in UK market
Accurate wind and solar location, accurate prediction
We develop AI technology with satellite remote sensing, to recognize every wind turbine and solar panels in any area in the world. We do this because we only care about weather forecast in areas where wind or solar are installed.
Renewable generation vs price
In areas where renewables account for a significant proportion of total energy sources, the price is strongly correlated with renewable generation
Rolling update to adapt to new renewable installations
We monitor performance of our area model on a daily basis. We periodically so that newly installed and connected wind/solar farms are taken into the model to better reflect the total generation of the area.
Take A Look At our AI Model for Global Weather Forecasting!
Site-level power forecasting models heavily rely on the fundamental weather data provided by Simba, TerraQuanta's globe-scale AI model for meteorological forecasting.