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Hitachi Energy launches an AI tool to revolutionize renewable energy forecasting

Baua Electric

Photo by AS Photography on Pexels.com Hitachi Energy debuts Nostradamus AI , which delivers fast, accurate renewable energy forecasts, load predictions, and market pricing insights. Nostradamus AI is one of the first AI forecasting tools designed specifically for the energy sector. Let us know in the comments section below.

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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

Green Car Congress

BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy. Chart: BloombergNEF.

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Renewables have overtaken fossil fuel as Italy’s main power source

Teslarati

According to a statement last week from Italy’s grid operator, renewable energy overtook fossil fuels as the lead source of electricity generation in the first six months of the year. The increase in renewables was driven largely by hydroelectric power, which saw a record production increase of 64.8 percent and 18.2 to 3:00 p.m.,

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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Yet, its natural gas output will still comprise 85% of its total production by the end of the forecast period. 1 Equinor. 2 Total SA.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5 BNEF sees $1.3

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US shift toward wind and solar will cut coal, make EVs cleaner

Green Car Reports

Increased use of renewable energy will help reduce electricity generation from coal and natural gas power plants, according to the U.S. The EIA forecasts that wind and solar will together account for 16% of total electricity generation in 2023, up from 14% in 2022 and 8% in 2018.

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IBM introduces new wind and solar forecasting system for utilities; big data analytics and weather modeling to predict output

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IBM has developed an advanced power and weather modeling technology that will help utilities increase the reliability of renewable energy resources. The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy.

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