DNV’s Energy Transition Outlook (ETO) predicts that electricity generation will more than double by 2050 and 30 percent of all electricity will come from solar PV, hence the rapidly growing need for reliable data analytics and reliable monitoring systems in the energy market there is
Solcast, a data company based in Sydney, Australia, with offices in Asia, Europe and the Americas, develops the data and tools needed to plan, build, operate and manage photovoltaic systems. Solar forecasting enables solar power producers to deliver reliable and sustainable electricity to grids in fast-growing markets. The integration of solar forecasting with energy storage creates a unique opportunity for customers to plan and then dispatch energy on demand to get the most out of each solar farm.
Real-time access to high-quality, accurate short-term forecasts enables customers to easily assess power plant operations, assess losses and improve plant performance, leading to improved plant and portfolio management, resulting in cost reductions and increased system and portfolio productivity.
Solcast uses global weather satellite imagery, machine learning, computer vision, historical and forecast data to generate more than 600 million new forecasts every hour and provide access to 5 years of real-time forecast data in a cloud-based environment. – 15-minute resolution via application programming interface (API).
“As a digital native company with strong domain expertise, Solcast is in line with DNV’s strategy to support our customers with reliable data-driven services,” said Remi Eriksen, President and CEO of DNV Group. “DNV’s Energy Transition Plan predicts a 20-fold increase in solar PV by 2050, and this acquisition will help us meet the dramatic increase in demand for reliable data analytics and reliable monitoring systems. Digital products like those provided by Solcast are key to unlocking the potential of solar energy, especially if we are to meet the goals of the Paris Agreement.
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