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
Potential Vendors
Noodle.ai,Inovia
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