AI and Machine learning applied forecasting for a cleaner energy future.


Mission

The business focus is to capture the possibilities driven by the latest machine learning and broader artificial intelligence technologies within the energy, commodities and financial markets. Our approach is to attack new and traditional industry pain points via creative modelling, unique data sets and by leveraging decades of combined industry expertise. Our end goal is allow market participants to turn data into meaningful information, to make better decisions and to execute strategies with improved confidence.

Services

Retina Graphics

Forecasting Intermittent Wind and Solar Power

Business Challenge

Power producers and electric utilities must forecast production of electricity in order to meet their financial / physical production obligations. Wind and solar production is intermittent and with the growth of renewables the failure to perform can be quite costly due to imbalance costs/ fines and other penalties from contractual commitments to clients/ counterparties, as well as, producing grid unreliability and risks for electric customers.

Solution Considerations

Unlike other AI and machine learning projects the key to successfully forecast renewable power is the amount, quality and sources of data that are relevant to the problem at hand. Weather forecasts are a traditional source of data for this business challenge but weather is also notoriously hard to predict and has complex behaviour that makes it quite dynamic. As a result, various weather prediction models are commonly used to identify situations where forecasts can be enhanced. However, new data is becoming available that can be leveraged by the power industry to improve the accuracy of power production from renewable assets.

Differentiator

Airosa Limited is comprised of energy professionals that understand the power industry and is committed to bringing unique perspectives to the problem of forecasting renewable power. We understand weather is the starting point but is committed on improving forecast accuracy by adopting the latest data sets and modelling techniques to meet the needs of industry participants.

The team

Offices

Airosa Limited
1-3 Rivington Street
Shoreditch, London EC2A 3DT
United Kingdom