Nostradamus®
AI Energy Forecasting Software Solution
Description
Introducing the most accurate, transparent, and flexible AI-powered forecasting solution for your energy markets, converting uncertainties into clarity. Backed by 30+ years of experience in the energy domain and forecasting, this evolution of the Nostradamus tool leverages modern machine learning to generate forecasts with unmatched accuracy, transparency, and flexibility, enabling faster, optimal decisions for anyone, anywhere, anytime.
Key highlights
- Tailored solar and wind generation, load, and market price forecasts
- 20% improved accuracy over typical industry metrics
- Data science is made easy with a five-step wizard interface and forecast-ready data
- 30+ years of energy domain and forecasting expertise
- Software details
- FAQ
Overview
Smart energy solution with AI and data analytics
Energy supply, demand, and prices are more volatile than ever with the rise of renewables and electrification, a trend that will only accelerate. To help you predict in a rapidly changing market, our cloud-native Nostradamus AI energy forecasting solution enables utilities, energy producers, consumers, and traders to make optimal commercial and operational decisions with highly accurate energy forecasts.
With pre-tuned forecasting data pipelines and forecast-ready data sets curated by expert analysts, you can bring your own data or combine it with ours.
A transparent design and easy-to-use, five-step wizard ensure you or any team members can easily generate, interpret, troubleshoot, and trust the forecasts tailored to your specific assets, markets, and grids.
Challenges with load, generation, and price forecasting
Accurate forecasting is more critical than ever, and traditional forecasting methods are struggling to keep up. Are you dealing with:
- Inaccurate, untimely, or unobtainable forecasts?
- Missed or unfavorable trading and procurement opportunities?
- Uncertainty about your upcoming generation mix?
- Grid reliability issues?
- Poor data quality or missing data as inputs to your forecasts?
- Lack of clarity and confidence in your forecasts?
- Rigid and siloed forecasts?
See for yourself: Get free sample forecasts today.
Ask for a free demo and forecast samples for your energy markets and grid.
Benefits
Save millions annually with just a 1% increase in renewable and load forecasting accuracy, according to studies—validated by industry research.
If these challenges sound familiar, you're not alone, and we can help. With our energy domain, data science, data, and forecasting expertise, our AI-powered forecasting software solution is designed to help you overcome these challenges and enable you to:
- Easily generate highly accurate forecasts for different team members.
- Maximize profits and arbitrages while reducing risk exposure through trades and transactions.
- Optimize your portfolio of generating and energy assets to ensure contractual obligations at the lowest cost of electricity (LCOE) and other metrics.
- Strengthen grid reliability by proactively managing the grid.
- Interpret and trust your forecasts with full transparency.
- Easily scale and integrate with other data and applications across all your markets.
Features
- Designed by energy domain, data, and data science experts for the energy industry
- Forecast-ready data
- Unmatched accuracy with pre-tuned, automated machine learning pipelines
- Flexible forecasts with adjustable time horizons, data granularity, and fine-tuned parameter adjustments
- Easy-to-use, five-step wizard interface for anyone to generate specific forecasts
- Full transparency in visualizing the entire process, from data inputs to training to forecast outputs
- Cloud-secure
- Seamless integration capabilities with data sources and software applications
- Additional features specific to energy, including similar-day forecasts, probabilistic forecasting, intraday forecasting, and more
Nostradamus® is registered trademark in USA and EU.
Hitachi Energy advances predictability of energy investment forecasting
Nostradamus AI energy forecasting solution is purpose-built for the energy industry and generates forecasts estimated to be over 20 percent more accurate than some industry targets.
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