Engie and Google Cloud have entered into a partnership for the development technology to optimise the value of Engie’s wind portfolio on the short-term power markets.
Engie and Google Cloud’s AI Services and Industry Solutions (AIIS) will team up to combine both expertise in power markets and artificial Intelligence (AI) to develop the solution.
This project will facilitate transactions for wind asset developers and create benefits for wind power producers, accelerating the energy transition, state Engie.
The key objective of the AI pilot is to predict how much wind power should be sold on which power market and at what price.
This is a challenge due to the complexity of the short-term power markets and the unpredictable nature of wind production.
To tackle this problem, vast amounts of data from various sources needs to be collected, stored and analysed.
The AI solution “leverages a performant and scalable data system and advanced machine learning algorithms” to extract value from the data that supports subsequent decisions.
“At Google Cloud, we believe that more accurate data and predictions of wind power production will be valuable to electricity grids, creating benefits for consumers and making wind more competitive with fossil fuels.
“We are delighted to work with Engie on this project, which can accelerate Europe’s clean energy transition, while laying the groundwork for wind farms around the world to benefit from improved forecasting via artificial intelligence,” said Larry Cochrane, director of global energy solutions at Google Cloud.