Competing in the energy market means selling your power before it is produced. How, therefore, do you ensure you can meet or exceed your projections by keeping your grid frequency constant? PES heard from Sascha Bauer, CEO at 4cast, about the power of technology to forecast the energy output from renewable energy power plants.
PES: It’s great to speak to you Sascha. Perhaps we should begin with a brief introduction to 4cast, if we may?
Sascha Bauer: Thank you very much for having us. 4cast is a joint venture of wind power pioneers and scientists. Our team competences range from physics, meteorology, data science to state of the art machine learning techniques. Currently, we focus our efforts on forecasting the energy output from renewable energy power plants, so far wind and solar, with consecutively increasing accuracy.
