Hitachi Energy launches an AI tool to revolutionize renewable energy forecasting [Video]

Hitachi Energy debuts Nostradamus AI, which delivers fast, accurate renewable energy forecasts, load predictions, and market pricing insights.

Nostradamus AI is one of the first AI forecasting tools designed specifically for the energy sector. Hitachi says it offers forecasts that are over 20% more accurate than some industry targets. It helps optimize energy investments, improve trading strategies, streamline operations, and ensure regulatory compliance. Hitachi Energy’s tool integrates grid performance data, market forecasts, and asset monitoring, all powered by machine learning to provide reliable forecasts.

Outdated forecasting methods are often costly, limited, and labor-intensive. Nostradamus AI aims to change that by enabling more accurate data processing and better decision-making, which is crucial for managing renewable energy sources and growing energy demands.

Hitachi Energy’s AI tool is cloud-native, scalable, and flexible, capable of handling predictions ranging from a single wind turbine or solar farm to thousands of energy load points. It’s algorithm-agnostic and today …