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."