Determine and optimize energy supply mix, cost and profitability utilizing real-time forecasted demand, supply and price data
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.
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.
Determine optimal energy generation mix based on real-time decisioning at the microgrid and device level using demand, supply and price forecasting
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.
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.)
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.
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 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
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
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