AI Use Case

Optimise energy scheduling and management of power plants based on energy pricing, weather and other real time data

Optimise energy scheduling and management of power plants based on energy pricing, weather and other real-time data

Function

Benefits

Operational Support - Demand forecasting,Revenue - Improve trading decisions (eg market demand estimates)

Case Studies

Big River Steel~Big River Steel maximises energy consumption at off-peak times to minimise energy costs using an AI powered optimisation model,EDF Energy~EDF Energy wishes to monitor power station conditions in real time and predict maintenance requirements using machine learning,Saxnas hydro plant~Saxnas Hydroplant increased profits by 35% after using machine vision to digitise a legacy pumping plant

Industry

Utilities

Electricity

Data Sets

Structured / Semi-structured,Time series

AI Technologies

ML Task - Action Selection - Reinforcement Learning ,Machine Learning (ML),ML Task - Prediction - Regression,Traditional AI

Potential Vendors

Noodle.ai,Inovia