Energy - Real-Time Predictive AI for Smart Grid Optimization

Veritone Energy delivers benefits to:

Utility Companies

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

Intelligently control edge devices and smart meters for proper voltage and frequency and grid matching, dynamically adapting to demand changes for optimal power.
Battery Providers

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

Aggregate, buy and sell green energy on energy exchanges based on real-time intelligent predictions of smart grid energy needs.

AI for a Changing Energy Industry

AI is revolutionizing the way we produce, transmit, and consume energy. Veritone is partnering with leading energy providers to usher in an exciting new era of smart grid optimization. Veritone’s Energy Solutions power next generation smart grids by continuously collecting and synthesizing overwhelming amounts of data to make timely decisions on how best to allocate new and old energy resources.

Four factors are changing the energy landscape:

Decarbonization – green energy sources are in high demand, producing cleaner energy that is better for the environment.

Democratization – solar, battery energy storage, and microgrids have arisen outside the management of traditional utilities.

Decentralization – energy generation has become more decentralized and less reliable and predictable due to climate dependency.

Digitization – digitization helps utilities more effectively manage and control their smart grids for more cost-effective, efficient and reliable energy.

This changing landscape creates headaches for energy providers:

Green energy is unpredictable and difficult to manage
Distributed energy causes congestion, leading to curtailment and dumping
Energy fluctuations cause equipment burnouts and grid blackouts
Independent energy operators need advanced solutions to trade energy in real-time

Meet the Future of Clean Energy

Veritone harnesses the power of AI to revolutionize today’s smart grids. Veritone Energy Solutions consist of patented AI software that empowers utilities to predict optimal energy supply mix and pricing to meet grid demand and ensure grid reliability.

With Veritone Energy Solutions, utilities, equipment/storage providers, and independent energy aggregators can optimize and synchronize the energy grid, using predictive AI to make clean energy more predictable and efficient, more safe and reliable, and more cost effective.

Add predictive AI to your:

EMS (Energy Management Systems)
SCADA (Supervisory Control And Data Acquisition) systems
ADMS (Advanced Distribution Management Systems)
DERMS (Distributed Energy Resource Management Systems)
Smart grids, and
Microgrids

Use Cases: Intelligent Solutions for Clean Energy

Near Real-Time Optimal Economic Dispatch
Veritone’s patented optimal dispatch solution incorporates traditional energy generation, distributed energy resources, predictive forecasting, price modeling, and storage to meet grid demands in real-time and day-ahead timeframes. Veritone's AI-powered solution is an invaluable tool for utilities faced with the scheduling and operational cost challenges that come with a resource-diverse portfolio.
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Real-Time Demand Response
Veritone’s demand response solution stabilizes the grid network during peak periods by aligning adjustments in electricity usage at facilities with the conditions of local power grids. Reducing demand improves the reliability of the grid. Less demand means less stress on energy transition and distribution systems, which makes them less likely to fail.

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Volt/VAR Optimization
Veritone's Voltage and Volt-Ampere Reactive (VAR) Optimization solution controls the flow of power on the distribution system to increase efficiency and reliability, reduce distribution energy losses, and accommodate new power flows, such as those originating from distributed generation. By providing more precise voltage control, VVO reduces total energy consumption without compromising service quality.

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Microgrid Energy Management Control
Veritone provides active, real-time synchronization of microgrid resources, including batteries, solar arrays, wind turbines, and more. This results in increased performance and optimized energy sharing and trading among connected microgrids and the main grid. This improves the stability, reliability, and energy efficiency of the system. Further, hardware brownouts are minimized through predictive and intelligent control of grid devices.

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Solar Smoothing
Veritone’s intelligent solar smoothing solutions lessen the intermittency of solar generation. Our patented weather and demand forecaster combined with our patented predictive device control solution enables a smooth transition between solar power, the grid and energy devices, allowing the grid and devices time to respond to the fluctuations in solar generation.
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Near Real-Time Energy Arbitrage
Veritone’s automated real-time arbitrage system is based on risk forecasting and optimized dispatch decision-making. Our high-frequency trading models derive results from short term opportunities in dynamic grid conditions. Arbitrage dispatch decisions for each site conform to NERC, EPRI, utility and network power rules.
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Veritone Energy Solutions

Veritone’s patented AI-based energy solutions for predictive real-time control management and adaptation of smart grids consist of three subsystems:

Forecaster
A distributed forecaster service that generates predictions of the state of the smart grid devices.

Optimizer
A real-time distributed agent–CDI (Cooperative Distributed Inferencer)–that learns, optimizes and tunes models of smart grid components, generates desired behavior directions and provides synchronization of smart grid components.

Controller
A bank of edge controllers that implements the desired behavior as a function of the predictive state of the smart grid.

The Veritone Arbitrage solution brings these subsystems together to deliver predictive energy buy, sell and dispatch capabilities.
Veritone aiWARE, the leading cognitive operating system, provides deployment, integration, data services, and weather services to these subsystems.

Arbitrage

Predictive energy buy, sell, and dispatch

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Controller

Dynamic device control and synchronization

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Forecaster

Accurately detect and predict energy supply, demand and price

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Optimizer

Optimal energy supply determination

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How it Works

Energy - how it works diagram

	Forecaster uses current weather data, load data and price data to predict device state and send those predictions to the Optimizer.
	Optimizer uses domain rules and sensor data to produce the optimal dispatch model and state for the device under control at any given time.
	Controller applies the directions from the Optimizer to perform centralized optimal device control through the utility, or autonomous optimal device control at the edge device.

	The device state is sent back to the Controller.
	The Optimizer uses device state feedback to continuously machine learn and update the dispatch model for the controlled device to ensure always-optimal power.
	Arbitrage uses real-time energy data from Optimizer and Controller to buy and sell energy with the utility or in wholesale energy markets.

LOW-CODE HYPERAUTOMATION FOR ENERGY

Use Veritone’s low-code Automate Studio workflow designer to customize intelligent energy workflows for your specific energy optimization needs.

Design workflows to:

Ingest sensor data from weather sites, edge devices under control, IR cameras and IoT devices to make accurate forecasting decisions
Manage domain rules that define parameters for energy optimization decisions
Send device control and synchronization insights to energy management systems, ADMS, DERMS and SCADA systems

Why Veritone for Smart Grid Optimization?

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What PartnerS Say

Veritone Energy Solutions are used by leading integrators and U.S. utilities to better integrate, optimize and synchronize green energy sources.

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
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