Nostradamus AI: How Hitachi Secures Renewables in the Grid

AI has transformed numerous sectors, offering a wide array of advantages. These include task automation, error reduction, personalised customer experiences, and enhanced monitoring capabilities. 

Whilst many of these applications can benefit the energy and utilities sector, few have been specifically developed with this industry in mind. 

As a result, they optimise elements of the process that, although useful, will not go to tackling the main issues present in the energy sector, such as balancing the grid in an age of renewables.

Here, Hitachi Energy is addressing this gap with its innovative Nostradamus AI tool. 

This pioneering AI forecasting solution, tailored for the energy industry, delivers precise energy forecasts to enhance decision-making processes.

Nostradamus AI for energy forecasting

Hitachi Energy's Nostradamus AI is an advanced AI-powered energy forecasting solution set to revolutionise the industry. 

It is offered as a standalone product within Hitachi Energy's Energy Portfolio Management (EPM) suite and can be seamlessly integrated into other digital solutions, such as Grid Edge Solutions and Network Manager systems.

This tool harnesses Hitachi Energy's vast expertise and three decades of comprehensive energy market data to provide highly accurate forecasts for utilities, power system operators, energy producers and traders. 

Nostradamus AI boasts forecasts estimated to be over 20% more accurate than some industry benchmarks, enabling users to optimise energy investments, refine trading strategies, boost operational efficiencies and ensure regulatory compliance.

Its AI's capabilities extend beyond basic forecasting. By combining grid-performance data, market forecasts and advanced asset monitoring with machine learning techniques, users can integrate their own data and parameters into pre-tuned models. 

This allows for the generation of customised forecasts for system load, wind and solar generation, market pricing and more.

The solution's cloud-native architecture facilitates easy scaling, from single forecasts to over 100,000 predictions. It supports multiple high-performing AI models and features a composable architecture for seamless integration with existing systems.

Addressing industry challenges

The energy landscape is rapidly evolving, with renewable energy sources contributing to grid volatility and increasing electricity demand adding complexity. 

Nostradamus AI tackles these challenges head-on by processing vast amounts of data to deliver reliable predictions.

"Embracing AI in the power sector is not just a choice; it is an imperative. That's why it's crucial that organisations have a dedicated tool designed specifically for analysing the massive amount of data generated across an evolving power grid," says Andy Howell, Global Head of Enterprise Software Products at Hitachi Energy.

"Hitachi Energy is leading this effort, relying on our decades of sector and data science experience to architect an energy industry AI solution that provides a relevant alternative to today's inadequate forecasting options," he adds.

AI strengthening renewable energy

Hitachi Energy argues that current forecasting methods are inadequate for the industry's needs, citing limited functionality and a lack of energy industry-specific tailoring. 

Nostradamus AI addresses these shortcomings, which often rely on labour-intensive, manual processing and fail to consolidate vast amounts of data effectively.

The solution provides a platform for scale and future growth, bridging the gap between existing AI and forecasting capabilities.

"We've applied our extensive energy domain expertise and data science background to create an AI engine that can significantly accelerate the ability of users to make impactful decisions with their energy data, deliver improved profitability across their businesses, and scale as the grid evolves," says Massimo Danieli, Managing Director of Business Unit Grid Automation for Hitachi Energy.

Nostradamus AI represents a significant leap forward in energy forecasting technology, offering a tailored solution to meet the complex needs of the evolving energy landscape and ensure that the transition to renewables is secure grid side. 

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