Net-demand energy forecasts are critical for competitive market participants, such as in the Electric Reliability Council of Texas (ERCOT) and similar markets, for several key reasons. For example, ...

Accurately predicting solar irradiance and wind flow patterns is requisite for renewable energy forecasting—but precision alone simply isn't enough. The data must be actionable, fast, and seamlessly ...

Hitachi Energy debuts Nostradamus AI, which delivers fast, accurate renewable energy forecasts, load predictions, and market pricing insights. Nostradamus AI is one of the first AI forecasting tools ...

“For energy providers with their fickle raw materials, the only way to manage uncertainty is a detailed and timely understanding of energy supply and demand,” writes Evgeny Finkel. Image: Tigo Energy ...

Global energy markets, valued at $24.1 billion in 2024 and projected to grow to $31.2 billion by 2031, have always been influenced by weather. Solar generation depends on clear skies, wind power ...

Hitachi Energy has launched Nostradamus AI, a new kind of AI-based energy forecasting software designed to enhance accuracy by up to 20% over some industry benchmarks. The software helps optimize ...

Traditional long-term forecasting models are no longer sufficient as electrification, DER growth, EV adoption, extreme weather events and new large loads introduce unprecedented complexity. The future ...

PV yield forecasts are widely considered to be inaccurate, partly because they underestimate uncertainty. Image: Tilt Renewables. The uncertainty in energy yield forecasts is frequently underestimated ...