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Description
Digital Electricity Networks for the Energy Transition. Smart Grid Solution. In order to achieve an effective energy transition, the integration of vast numbers of new solar panels, wind turbines, and electric vehicle charging stations into existing power grids is essential. This growing demand makes the planning and management of these grids increasingly intricate. Envelio offers the Smart Grid Solution: a digital support system designed to assist distribution grid operators in their planning and operational processes, particularly as they adapt to high levels of renewable energy sources. Application Areas for the Smart Grid Solution. Data Integrity in IGP. A crucial component for the digitization and automation of grid planning and operations is the establishment of a reliable data foundation. The Smart Grid Solution integrates previously unconnected data systems (including GIS, ERP, and measurement data) and employs Machine Learning techniques to rectify data discrepancies, thereby generating validated grid models that span all voltage levels, ultimately enhancing the efficiency of grid management. This approach not only streamlines operations but also facilitates a more robust integration of renewable energy sources into the grid.
Description
Renewcast, an Italian firm, focuses on AI-driven forecasting for renewable energy, especially in wind power generation. Established in 2020 by a team with over a century of collective experience in the energy and IT fields, the company provides a Software as a Service (SaaS) platform that delivers precise daily and intra-day forecasts for wind energy production. By harnessing proprietary deep learning algorithms and digital twin technology, Renewcast achieves forecasting errors as low as 7% normalized Mean Absolute Error (nMAE), which is a significant improvement over global industry standards. This exceptional accuracy allows energy operators to decrease global imbalance costs by as much as 30%. The offerings of Renewcast encompass various forecasting durations, including intra-day, day-ahead, 48-hour, and medium-term forecasts extending up to 15 days, with updates provided every hour. Clients can easily access forecasts via a direct API and customize parametric reports through an intuitive user interface, making the platform highly accessible and user-friendly. These features position Renewcast as a leader in revolutionizing how wind energy forecasts are managed and utilized in the industry.
API Access
Has API
API Access
Has API
Integrations
Microsoft Azure
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
envelio
Country
Germany
Website
envelio.de/en/
Vendor Details
Company Name
Renewcast
Founded
2020
Country
Italy
Website
renewcast.com
Product Features
Energy Management
Benchmarking
Bill Audit
Bill Database
Bill Importing
Budgeting & Forecasting
Compliance Management
Contract Management
Cost / Use Reporting
Emissions Monitoring
Energy Price Analysis
Facility Scheduling
Greenhouse Gas Tracking
Load Control
Load Forecasting
Meter Tracking
Risk Management
Weather Normalization
Product Features
Energy Management
Benchmarking
Bill Audit
Bill Database
Bill Importing
Budgeting & Forecasting
Compliance Management
Contract Management
Cost / Use Reporting
Emissions Monitoring
Energy Price Analysis
Facility Scheduling
Greenhouse Gas Tracking
Load Control
Load Forecasting
Meter Tracking
Risk Management
Weather Normalization