AI-based Energy Supply Determination

Benefits of Optimizer

Battery Providers

Aggregate and dispatch stored solar power for both industrial and residential operators during peak load times, increasing grid reliability and reducing costs.
Equipment Providers

Intelligently control edge devices for proper voltage and frequency and grid matching, dynamically adapting to demand changes for optimal power distribution.
Independent Operators

ISOs (Independent System Operators), DSOs (Distributer System Operators), LSEs (Load Services Entities) and EMS providers (Energy Management System) - aggregate, buy and sell green energy on energy exchanges based on real-time intelligent predictions of smart grid energy needs.
Utility Companies

Use real time weather, demand and device data to predict and optimize energy supply mix for maximum profitability and ideal grid utilization.

Energy Optimization 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, near-real-time energy optimization, helping you deliver the right type and amount of clean energy to the right device, at the right time and the right price.

Optimize energy dispatch to conserve energy and lower costs

AI-powered Optimizer uses highly accurate and current energy demand/supply/price forecasts to determine the optimal energy generation mix, in real-time. This optimal energy supply distribution increases grid reliability while conserving energy and reducing cost.

Optimizer intelligently determines optimal energy dispatch, moment-by-moment, based on forecasting that combines price forecasts with risk parameters, load, and weather conditions to generate a global optimized dispatch decision for each energy site and individual DER device, including solution mix (solar, wind, storage, etc.) and amount.

Capabilities

Real-time decisioning

Determine optimal energy generation mix based on real-time decisioning at the microgrid and device level using demand, supply and price forecasting
DER device friendly

Optimizer utilizes game theory and a deep understanding of individual device constraints and industry regulations to ensure energy is properly dispatched to each device (solar, wind, storage, etc.) for optimal performance and autonomous decision-making.
Fully customizable

Veritone Optimizer uses a proprietary algorithm called Chattering to allow customizations based on your goals and constraints of the energy sources, so you can implement combinations of different energy optimization strategies (cost, demand, energy type, etc.)
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.

What Users Say

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