AI-powered Generation Forecast
The rapid growth of weather-dependent renewables is disrupting the way energy companies trade power, with balancing costs soaring by 40% annually.
Dexter Energy provides one of the top three most accurate power generation forecasts for wind and solar portfolios, geared towards short-term trading. This solution has shown balancing cost savings of up to 35%.
Key features
Dexter offers 0-96 hours ahead metering-point Generation Forecast, updated hourly, with a 15-minute resolution. The forecast is automatically integrated into your PowerBot dashboard.
The underlying product approach is data-driven and AI-based:
- The forecast is built on over ten weather models and multiple power forecast models combined internally.
- Weather data is stored in an array-native infrastructure, which allows for fast interpretation of large amounts of data.
- The solution is optimized at portfolio and asset levels, and able to handle operational data like SCADA and availability data.
- Thanks to a modern RESTful approach, the API is highly scalable and low-effort, allowing it to handle tens of thousands of assets.
- Automated processes are balanced with a human-in-the-loop approach for ensuring high-quality asset data.
Special features
- ❄️ Icing forecast: Wind Power Forecasts are automatically adjusted to account for the power loss caused by predicted icing events.
- 💨 High wind shutdown: If forecasted wind speeds exceed certain safety limits, high wind shutdown is applied to the forecasts.
About Dexter Energy
Founded in 2017, Amsterdam-based Dexter Energy is an independent and privately owned scaleup using AI to accelerate the energy transition.
Apart from Generation Forecast, Dexter also offers:
- Trade Optimization: Automated bidding strategies based on price forecasts – trading strategic energy amounts on a day-ahead or intraday basis, thereby maximizing short-term trade profits.
- Flex Optimization: Curtailment signals for wind and solar assets, as well as trading strategies for battery energy storage systems on the balancing market.
These products are currently used by 60 energy companies across seven countries. Learn more at https://dexterenergy.ai/.