The Role of Intelligent DERMS in the Clean Energy Transition
In this episode, we'll discuss the role of intelligent distributed energy resource management systems...
With the global energy sector shifting away from fossil-based energy production and consumption to less reliable green energy sources and new forms of energy storage, energy supply and demand imbalances are impacting grid stability, customer satisfaction, and company profitability. The influx of Distributed Energy Resources (DERs) is making grid operators and independent power producers rethink how their businesses are managed and operated. The energy sector urgently needs solutions to make green energy more predictable, reliable, and cost-effective – and AI is the answer.
Working with the most influential companies in the business to make a difference.
Leveraging the aiWARE Enterprise platform, Veritone iDERMS solution harnesses the power of AI to revolutionize today’s energy ecosystems through proprietary, intelligent, real-time energy forecasting, optimization, and control, unlocking the full potential of DERs while enhancing grid reliability in the face of the unexpected. With Veritone’s iDERMS solution you can deliver renewable energy with unparalleled reliability and efficiency, while simultaneously addressing the commercial aspects of DERs to maximize your investments, as you accelerate the mission to end global dependence on fossil fuels.
Improve Grid Reliability
Confidently manage highly variable loads, autonomous operation if isolated from the main grid, optimize the real-time dispatch of DERs.
Decrease Operational Costs
Lower spinning reserves, reduce maintenance costs, decrease generation and wholesale power purchase costs.
Uncover New Revenue Streams
Value stack assets to increase revenue opportunities, provide ancillary support services, maximize energy arbitrage positions.
Maximize DER Investments
Increase longevity of physical assets, improve competitive position in the wholesale energy market, synchronize and aggregate multiple DER types for maximum optimization.
Meet Decarbonization Targets
Optimize DER planning with predictability, maximize renewable dispatch to reduce reliance on fossil fuels.
Harness the power of the AI to radically advance what is possible by enabling faster, dynamic decision-making in real-time, accelerating the mission to end global dependence on fossil fuels
Predict the future using the present. Take advantage of AI-driven, multi-variable models that consider cloud density at different elevations, humidity, temperature, wind, load demand, price, and device operational parameters, to predict and optimize operations and improve competitive position in capacity markets, to maximize profit and meet future energy demands accurately and dynamically, seconds, minutes, or days ahead.
Achieve performance that optimizes for environmental and strategic goals considering local demand, asset reliability, and resiliency objectives, by constantly synchronizing and optimizing each controlled asset with each other and with the network. Maximize your DER investments with value stacking, by combining use cases to unlock additional revenue streams.
Using digital twin modeling to facilitate continuous learning, refine the performance of your assets toward desired outcomes in real-time, while incorporating strategic goals, price, and compliance rules. As models constantly consume large amounts of real-time and historical data, they continue to adapt to changing conditions, learning from previous outcomes, resulting in more accurate and optimal decisions.
Assure safe and reliable operation of energy assets by enabling real-time, autonomous decision-making at the edge of the asset control system. Solving problems locally results in increased speed of action and higher level of situational awareness, which can lead to increased reliability, lower operational cost, and more effective asset performance monitoring.
Veritone AI-driven iDERMS solution consists of three main modules: Forecaster, Optimizer, and Controller. The modular approach to the solution allows you to tackle the challenges at your own pace, depending on your goals, timelines, or budget.
The AI-powered Forecaster allows you to accurately predict energy generation, demand, price frequency, and asset health. Learn more
The AI-powered Optimizer allows you to optimize and synchronize all of your smart grid assets for internal strategy drivers and external market opportunity in real-time. Learn More
The AI-powered predictive Controller allows you to intelligently control and improve the performance of connected edge devices. Learn more
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Veritone Energy Solutions are used by leading integrators and U.S. utilities to better optimize, synchronize and control green energy sources.