Veritone Arbitrage

Predictive energy buy, sell, and dispatch

Buy, sell and dispatch energy based on real-time intelligent predictions of smart grid energy needs

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Benefits of Arbitrage

Energy Arbitrage for a Changing Industry

We are witnessing the decarbonization, democratization, decentralization and digitization of the energy industry, and with it unpredictable and less reliable green energy sources, new forms of energy storage, and energy supply and demand imbalances that impact customer satisfaction and company profitability.

Veritone harnesses the power of AI to revolutionize today’s energy ecosystems through proprietary, intelligent, real-time energy arbitrage, helping you deliver the right type and amount of clean energy to the right device, at the right time and the right price.

Execute optimal energy pricing and dispatch

AI-powered Arbitrage provides all the tools necessary for operators to successfully compete on the energy exchanges. Arbitrage automatically optimizes dispatch decisions around dynamic energy pricing, buying energy when it’s cheapest and providing energy when it’s most valuable.

Arbitrage is a high frequency trading solution for energy that facilitates energy trading in both real-time and futures markets. The system utilizes real-time dynamic optimization based on power demand and price/risk forecasting. The forecasting output is fed into the arbitrage dispatch engine where an optimizer generates feasible dispatch directives to the power sources in the network under arbitrage. The result — optimal energy pricing and dispatch.

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    Price Forecaster

    Generate highly accurate energy price forecasts based on both value and risks of predicted power demand, using AI that fuses together forecasts from different time horizons, machine learning of real-time data to improve forecast accuracy, and metadata on top of underlying pricing information to maximize speed.

  • Dispatch Optimizer

    Optimize energy dispatch based on Arbitrage’s price forecasting by feeding the price forecast into Dispatch Optimizer, together with risk parameters, load, and weather conditions, to generate a global optimized Arbitrage dispatch decision for each energy site in your portfolio.

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    Dispatch Controller

    Send the optimized Arbitrage dispatch decision to each site in your portfolio using Dispatch Controller, which ensures the dispatch mix satisfies NERC, EPRI, utility, and network physical constraints and power rules.

  • Complex, Real Time Decision Making

    Veritone’s patented Cooperative Distributed Inference (CDI) technology performs complex, real time decision making around forecasting, optimization and device control. CDI is capable of handling vast amounts of heterogeneous and distributed information containing millions of variables and hundreds of thousands of constraints. CDI also learns over time, blending adaptive learning with business rules composition.

ADVENTURES IN AI – THE VERITONE PODCAST

Showcasing technology and stories of how Artificial Intelligence is changing the way businesses operate today and prepare for the future.

In this episode, we discuss the rise of Autonomous Microgrid Technology and how AI will help utilities optimize energy grids. Microgrids are localized power generation systems in which distributed energy resources and the utility network work in concert to provide reliable electricity to a specific community.
We talk with Sean McEvoy, Senior VP of Energy Solutions here at Veritone about Using AI to Improve Energy and Utilities Operations

In this episode, we discuss energy challenges and how AI will help utilities create a more efficient and optimized smart grid.

We talk with Sean McEvoy, Senior VP of Energy Solutions here at Veritone about Using AI to Improve Energy and Utilities Operations

What Users Say

Redhorse Logo
Veritone's predictive AI technology brings much-needed optimization and efficiency to the energy grid, helping reduce energy consumption and provide greater stability. Veritone's ability to leverage massive amounts of historical and real-time data to effectively balance energy supply and demand, with automated synchronization of grid assets for maximum reliability, is a real game changer in the energy industry.
John Zangardi
President of Redhorse Corporation,
a leading U.S. government services provider
The power of Veritone’s cutting edge AI solutions allows utilities to rapidly integrate new sources of energy with the confidence of knowing their infrastructure is optimized for cost, reliability, and longevity.
Larry Cochrane
CTO
Microsoft Azure Energy

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