Integration of Dynamic Renewable Energy in a Smart Grid using AI
Compared to fossil-fuel-based generation, each MW of electricity produced by renewable sources saves $500K of cost, and 2700 metric tons of emissions annually.
The new “energy internet” features the dynamic flow of data and energy in many directions within a smart grid. The complexity created by intermittent renewables, storage, local generation and changing transportation technology means grid control must be smarter, faster and more adaptive. Utilities need to:
Current grid management and control processes are not able to deliver optimized performance when managing new renewables, storage, distribution and usage models in real time. Our AI based solution develops the best models for optimizing a dynamic grid. We change the rules and associated decisions as the data changes, saving energy costs by leveraging renewable sources and storage solutions in the new modern smart grid.
What We Do and What We Save
At BluWave-ai our team wakes up every day energized to assist in the transformation of the world to renewable energy and managing it with better AI driven computing.
Renewable energy sources are a variable source of power, and are affected by weather. BluWave-ai's software and systems enhance renewable energy usage in smart grids for electric utilities. Due to weather fluctuations, wind based power production is unavailable at low wind speeds, and solar performance is reduced by 70% in heavy cloud cover.
Our vision is to apply Artificial intelligence (AI) to optimize the energy use in a grid with renewable sources, storage units, and conventional generators.
Renewable energy sources have some fluctuation due to weather and time of day. Fossil fuels have provided dependable energy for an extended period of time. Power grids have evolved to depend on high capacity, rapidly deployable power sources. The legacy of this is a centrally managed grid with limited flexibility, and control systems which are unable to optimize the use of renewables over fossil fuels.
Our software facilitates dynamic usage of renewable energy sources in smart grids. We have developed innovative technology leveraging new large scale sources of Internet of Things (IOT) data throughout the grid to enable optimal decisions to be made with respect to grid operations.
Our AI solutions are deployed on accelerated hardware (GPU/FPGA) at the edge of the utility network, and in the cloud (public or private). The decisions our software makes enables the grid to achieve energy savings by optimizing the usage of renewable energy in conjunction with new storage and distribution technologies.
We mine, analyze and derive the optimal actions in real time, and near real time. The resulting increased use of renewable energy in an optimized smart grid lowers the cost of energy by displacing fossil fuels, and reduces Greenhouse Gas (GhG) emissions associated with non-renewable power sources.