Wind power forecasting

Innowatts Outperforms in Load Forecasting Trial

Retrieved on: 
Thursday, October 1, 2020

During this period, the trial evaluated the load forecasts of 12 models over six commercial sites, and two of Innowatts' models had the lowest error for all forecast horizons.

Key Points: 
  • During this period, the trial evaluated the load forecasts of 12 models over six commercial sites, and two of Innowatts' models had the lowest error for all forecast horizons.
  • All three of Innowatts models posted single-digit percentage error rates in all but three of the 24 test conditions, outperforming competitors' models.
  • "These results provide further evidence of the strength of Innowatts' AI-powered load forecasting models, which are continuously optimized based on usage data from more than 40 million meters from around the world," says Innowatts CEO Siddhartha Sachdeva.
  • "Accurate forecasting is essential for energy providers, and this trial demonstrates that AI-powered, meter-level data intelligence consistently delivers best-in-class predictions regardless of changes in weather or conditions."

Global Wind Power Equipment Market - Growth, Trends and Forecast (2019 - 2025)

Retrieved on: 
Friday, February 21, 2020

The growing number of offshore wind energy installations, declining cost of wind energy, and the increasing number of aging wind turbines are expected to drive the global wind power equipment market during the forecast period.

Key Points: 
  • The growing number of offshore wind energy installations, declining cost of wind energy, and the increasing number of aging wind turbines are expected to drive the global wind power equipment market during the forecast period.
  • -Onshore wind power industry accounted for the highest market share in 2018 and is expected to dominate the market during the forecast period.
  • - The onshore wind power industry has dominated the wind power equipment market and is expected to continue its dominance over the forecast period.
  • This is likely to drive the development of wind power projects in the country which, in turn, is expected to drive the wind power equipment market during the forecast period.