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 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.
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.
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.
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.
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.