AI-based Generation Forecast
The rapid growth of weather-dependent renewables is disrupting the way energy companies trade power, with balancing costs soaring by 40% annually.
Dexter Energy provides one of the top three most accurate power generation forecasts for wind and solar portfolios, geared towards short-term trading. This solution has shown balancing cost savings of up to 35%.
Key features
Dexter offers 0-96 hours ahead metering-point Power Forecast, updated hourly, with a 15-minute resolution. The forecast is automatically integrated into your PowerBot dashboard.
The underlying product approach is data-driven and AI-based:
- The forecast is built on over ten weather models and multiple power forecast models combined internally.
- Weather data is stored in an array-native infrastructure, which allows for fast interpretation of large amounts of data.
- The solution is optimized at portfolio and asset levels, and able to handle operational data like SCADA and availability data.
- Thanks to a modern RESTful approach, the API is highly scalable and low-effort, allowing it to handle tens of thousands of assets.
- Automated processes are balanced with a human-in-the-loop approach for ensuring high-quality asset data.
Special features
- ❄️ Icing forecast: Wind Power Forecasts are automatically adjusted to account for the power loss caused by predicted icing events.
- 💨 High wind shutdown: If forecasted wind speeds exceed certain safety limits, high wind shutdown is applied to the forecasts.
- ☀️ Solar nowcasting: An in-house satellite-basedforecasting capability that predicts irradiance and cloud movement in the 0–3hour horizon.
About Dexter Energy
Founded in 2017, Amsterdam-based Dexter Energy is an independent and privately owned scaleup using AI to accelerate the energy transition.
Apart from Power Forecast, Dexter also offers:
- Price Forecasts:Highly accurate real-time price forecasts supporting flexible trading acrossrenewables, BESS, and demand-side assets.
- Trading Signals: Automated bidding strategies to turn price risks into financial opportunitiesin the day-ahead market.
These products are currently used by 80+ energy companies across nine countries. Learn more at https://dexterenergy.ai/.