Artificial Intelligence - Improved Renewable Energy Forecasting Unpredictable weather conditions can have various adverse impacts on renewable energy production, including intermittency, reduced efficiency, challenges to grid stability, difficulties in planning and investment, and fluctuations in energy market dynamics. Moreover, uncertainty about future weather patterns can complicate project feasibility assessments and financing decisions for renewable energy developers. AI weather forecasting offers a transformative potential for enhancing renewable energy production through accurate and detailed predictions of weather conditions crucial for energy generation. Artificial Intelligence algorithms can analyze extensive historical data and real-time observations to generate highly precise forecasts, enabling renewable energy producers to anticipate fluctuations in solar radiation, wind speeds, and other critical factors. These forecasts enable operators to optimize production schedules and resource allocation, adjusting solar panel angles or turbine operations based on predicted conditions to maximize output. AI weather forecasting also aids grid operators in better managing the integration of variable renewable energy sources, balancing supply and demand more effectively and reducing reliance on fossil fuel backups. It benefits energy trading markets by providing accurate predictions of future supply and demand, facilitating more efficient pricing and resource allocation. Overall, AI weather forecasting stands to revolutionize renewable energy production, enabling more efficient operation, grid integration, and risk management, driving the transition towards a cleaner and sustainable energy future. #artificialintellicence #renewableenergy #energytransition
Great post & Intel Craig Townsend, however unfortunately such weather predicting AI only really works when the data is localised and the region / country has invested in its own foundational models (LLM’s), which quite unbelievably Aus seems to be light years away from doing (although our Govt is happy to invest a cool one billion of taxpayers money into quantum compute, which is also light years away!?). Hopefully we resolve this soon enough…
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8moYes, I've seen some examples of AI weather prediction, and this will be a game changer for many industries.