Veritone Optimizer
Optimal energy supply determination
Determine and optimize energy supply mix, cost and profitability utilizing real-time forecasted demand, supply and price data
Benefits of Optimizer
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Battery ProvidersAggregate and dispatch stored solar power for both industrial and residential operators during peak load times, increasing battery performance and longevity
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Equipment ProvidersDynamically control edge devices for optimal performance and longevity, including regulatory compliance, thermal control, voltage and frequency synchronization -
Independent ProvidersISOs (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 CompaniesUse 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
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Real-time decisioningDetermine optimal energy generation mix based on real-time decisioning at the microgrid and device level using demand, supply and price forecasting
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DER device friendlyOptimizer 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.
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Fully customizableVeritone 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.)
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Complex, Real-Time Decision MakingVeritone’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.
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.
Resources
Downloadable Resources
One Sheet:
Veritone Energy for Microgrids
Solution Brief:
Veritone Energy Solutions for Residential & Commercial
<h2 style=”text-align: center;”>Contact us for a free consultation</h2>
