EDF Renewables Israel to model solar energy data for trading insights

EDF Groups’ Israel business has announced use of an AI and machine learning platform to derive insights from energy meter data in its solar farms for enhanced energy trading decisions.

The platform, Predict+, which has been developed by California based Tigo Energy, uses AI and machine learning technology to automatically forecast electricity generation and consumption for utilities, IPP’s and grid planners.

EDF Renewables Israel will use the platform in an extended partnership with Tigo Energy, which develops intelligent solar and energy storage solutions, to enhance the performance of solar farms in Israel through the predictive tech.

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In the collaboration, Predict+ will be used to:

• Forecast and model energy meter data for enable energy trading decisions, including precise day-ahead and long-term forecasting of EDF Renewables Israel consumers’ consumption
• Manage market insights about demand, renewable supply and utility pricing in the Israeli energy market
• Conduct profit analyses using predicted and actual revenues from end-customers, as well as an API-level integration with billing systems for end-customer consumption data and invoicing
• Produce accurate, consistent, and regulation-compliant reporting data for Israeli grid operator Noga

According to Tigo, the platform provides “high-fidelity visibility into the performance of solar and wind energy systems through precise predictions, market insights, profit analysis and regulation functions,” they stated in a release announcing the upgrade to their existing collaboration.

Predict+ is part of the Tigo Energy Intelligence (EI) platform, a digital platform designed to oversee solar installations’ planning, installation, commissioning, monitoring and maintenance phases, from individual residential systems to commercial, industrial and utility-scale solar fleets.

“With Predict+, EDF Renewables now has the power of reliable and self-adaptable forecasting and a customisable, software-driven model to maximise the value of solar assets,” said Zvi Alon, chairman and CEO at Tigo Energy.

“We look forward to continuing our work with EDF Renewables to optimise the company’s virtual supplier business and bolster its position as a leader in the energy utility space.”