Grid Balance Management
Help TSO’s and grid operators in balance management by managing all supply and demand related data streams.
Grid balance management is of the utmost importance in order to guarantee safe and stable energy supply across the grid. Power grids are balanced by matching supply and demand across time. To do this effectively, we are in need of accurate predictions of both supply and demand. Predicting energy supply has become increasingly hard due to renewable energy sources which often produce energy based on the weather rather than by being steered by utilities companies. Consumption has also become harder to predict due to prosumers with solar panels, electric vehicles, etc.
By using IoT and Big Data technologies, TimeSeries can use data from smart meters, batteries and solar panels to predict energy consumption. Energy production can be more accurately predicted by factoring in meteorological data and other sources of information.
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