Company or Institution
Simha Analytics
Industry
Energy & Natural Resources
Website
Country
United Arab Emirates
Sustainable Development Goals (SDGs)
SDG 7: Affordable and Clean Energy
SDG 9: Industry, Innovation and Infrastructure
SDG 11: Sustainable Cities and Communities
SDG 12: Responsible Consumption and Production
SDG 13: Climate Action
SDG 15: Life on Land
General description of the AI solution
In the field of energy management, there is a need for forecasting the consumption of energy. The forecast can be used for generation of electric power based on the need. The cost of transferring the generated energy from one location to another is high as a result of which the generated energy should meet the needs of the people and not be generated too much. There is also a cost involved in generating the energy, which in turn could be saved if the forecasting of the energy consumption is efficient.
In recent times there is a good adaptation of Solar energy and people are using both Solar along with the electricity. In this scenario a need arises as to forecast the adaptability of Solar power and the rate at which it increases. The rate of growth of solar adaptation directly affects the energy generation.
The AI solution proposed here takes into consideration the solar power consumption and generation for forecasting the overall consumption of energy and therefore its generation.
Needs
Customers