Electric load forecasting tool

Library of Challenges

Short description: The challenge owner offers its customers a service that allows them to forecast and visualise solar yields of their systems. To improve energy management, they want to also include load profile forecasting and visualisation, e.g. based on historic consumption data and weather forecasts.

Market potential: With high annual growth rates of photovoltaic systems (18% in 2020), e-cars, solar batteries and changed electricity tariff models, there is a growing market for improved energy management solutions.

Timing: Due to the booming market, the sooner, the better!

Desired result: The solution will allow the prediction of household or business electricity load profiles for the next 24 hours, based on historic electricity consumption data, weather forecasts and other component. Electricity consumption data and weather forecasts can be collected via a cloud-based REST API.

Information on challenge owner: Large company (> 3,000 staff).

Market presence of challenge owner: Global presence.

Keywords: Forecasting software; Energy management; Photovoltaics; Solar energy; Cloud-based REST API

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