Hitachi Energy debuts Nostradamus AI, which delivers fast, accurate renewable energy forecasts, load predictions, and market pricing insights. Nostradamus AI is one of the first AI forecasting tools ...

Net-demand energy forecasts are critical for competitive market participants, such as in the Electric Reliability Council of Texas (ERCOT) and similar markets, for several key reasons. For example, ...

Global energy markets, valued at $24.1 billion in 2024 and projected to grow to $31.2 billion by 2031, have always been influenced by weather. Solar generation depends on clear skies, wind power ...

Accurately predicting solar irradiance and wind flow patterns is requisite for renewable energy forecasting—but precision alone simply isn't enough. The data must be actionable, fast, and seamlessly ...

Scientists in Spain have used genetic algorithms to optimize a feedforward artificial neural network for the prediction of energy generation of PV systems. Genetic algorithms use “parents” and ...

The Energy Systems Integration Group (ESIG) has released a report examining how utilities and planners forecast long-term electricity demand and distributed energy resources (DERs) in an era of rapid ...

Hitachi Energy has launched Nostradamus AI, a new kind of AI-based energy forecasting software designed to enhance accuracy by up to 20% over some industry benchmarks. The software helps optimize ...