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Forecast as a Service

Forecast as a Service

Forecast as a Service

Product catalog summary
Overview: Itron's 'Forecast as a Service' provides accurate and reliable short-term forecasts for system and market operations, crucial for grid operators and energy market participants. This service is cloud-based, running on Microsoft Azure, and offers real-time power and natural gas forecasts.
Key Features:
  • Forecast Accuracy: Itron delivers unparalleled forecast accuracy with strong customer support and scalable systems.
  • Data Support: Supports all data frequencies from daily to five-minute intervals, and models energy, solar, wind, demand response, and energy prices.
  • Advanced Modeling: Utilizes ensemble forecasts, multiple weather providers, uncertainty modeling, and automated performance tracking.
Tailored Forecasts: Forecasts are customized to business needs, providing daily, hourly, or sub-hourly forecasts for various forecast horizons. Models are tailored to account for unique load characteristics.
Renewable Generation Forecasts: Real-time and day-ahead solar and wind generation forecasts are developed using machine-learning algorithms. On-premise solar PV forecasts are adjusted for solar impact.
Demand Response Forecasts: Provides load forecasts with and without load-shed activity to improve grid operations during high demand.
Web Portal: The service includes a web portal for forecast analysts and operators, offering secured access, real-time performance tracking, and tools for quick edits and data downloads.
Itron Advantage: Itron is a global leader in forecasting, known for innovative solutions since the 1970s, with a team of industry experts managing forecast models.
Global Cloud Platform: Delivered on Microsoft Azure, ensuring scalability, security, and reliability with industry-leading data security certifications.
Conclusion: Itron's service provides critical forecasts via the cloud, allowing businesses to focus on operations while Itron manages the forecasting process.
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Catalog excerpts

Forecast as a Service-1

Forecast as a Service Accurate and Reliable Forecasts are One Click Away

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Forecast as a Service-2

Itron: The Global Leader in Forecasting Itron software and forecasting methods are used by large system operators and energy retailers in North America, Australia, Europe and other markets around the globe. We have established this leadership position by delivering: » Unparalleled forecast accuracy » Strong customer support » Scalable and reliable systems, used by hundreds of energy companies » Support for all data frequencies, from daily down to five-minute data » Flexibility to model energy, solar, wind, demand response and energy prices » Advanced modeling processes • Ensemble forecasts •...

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Forecast as a Service-3

Itron’s Forecast as a Service lets you manage your day-ahead forecast and track forecast performance in real time. Grid-Connected Renewable Generation Forecasts Real-time and day-ahead solar and wind generation forecasts are developed using proprietary machine-learning algorithms that incorporate meteorological forecasts and SCADA measured generation. Alternatively, externally sourced generation forecasts can be utilized. On-Premise Solar Photovoltaic (PV) Generation Forecasts For service territories with significant on-premise solar generation, forecasts are adjusted for the impact of solar...

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Forecast as a Service-4

» Relied on by ISOs operating in North America, Australia and Europe » Advanced forecast methods • Advanced neural networks and nonlinear multivariate regression • Ensemble forecasts and multiple weather providers • Top-down and bottom-up forecast processes • Patented five-minute load forecast framework • Proven approaches for modeling renewable generation and demand response • Automated generation of key performance indicators » Itron team known for innovative forecast solutions since the 1970s » Deep knowledge of energy modeling » Industry leaders in delivery of advanced forecast solutions...

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*Prices are pre-tax. They exclude delivery charges and customs duties and do not include additional charges for installation or activation options. Prices are indicative only and may vary by country, with changes to the cost of raw materials and exchange rates.