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 energy investments, refine trading strategies, and maximize revenue opportunities while improving operational efficiency, resource planning, and regulatory transparency.
“Advanced forecasting is integral to effectively manage a company’s energy portfolio strategy, allowing operators and analysts to make informed decisions across their businesses quickly,” said Massimo Danieli, managing director of grid automation at Hitachi Energy. “We’ve applied our extensive energy domain expertise and data science background to create an AI engine that can significantly accelerate the ability of users to make impactful decisions with their energy data, deliver improved profitability across their businesses, and scale as the grid evolves.”
Nostradamus AI, a cloud-based platform, scales from a single forecast to over 100,000. Its AI engine generates predictions for renewable generation at levels ranging from a single wind turbine or solar farm to thousands of load points.
The software is algorithm-agnostic, supporting several high-performing AI models. Its composable architecture allows organizations to integrate existing API endpoints, accelerating development and enabling seamless automation and system integration.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.