Comtrade Digital Services took the “Most innovative solution in the Energy Sector 2019” award
POSTED ON 15.10.2019
Comtrade Digital Services (CDS) won the “Most innovative solution in the Energy Sector 2019” on an energy summit meeting held in congress center Brdo pri Kranju, Slovenia.
The AI project developed for our client, an American company Stem, was presented on summit. Comtrade Digital Services announced partnership with global leader STEM couple of months ago.
Stem is the largest Storage as a Service provider in the world, and they operate large LiIon battery installations across USA and Japan. Stem charges these batteries at night, when the electricity is cheap and this allows them to disconnect big consumers off the electrical grid during the day when the electricity is most expensive and power them from the batteries for 1-2- hours. This way, they can achieve substantial savings on the electricity bill.
Comtrade Digital Services developed an AI solution that crunches a lot of data (weather prognostics from different providers, numerical weather models, historical fluctuations of electricity prices and electricity demand, etc.), and developed an AI model that forecasts the electricity demand for the next 39h. This allows Stem to significantly improve their battery charge and discharge cycles to optimize their usage, prolong their lifetime and maximize savings.
Uroš Bajec, Program Manager at CDS, said: “We positioned ourselves as regional leader in AI that can implement complex AI projects and can help them on every step of the journey from project ideation to execution. This already resulted in numerous new leads and some opportunities we will work on in the future.”
The conference was attended by C-level executives from all Slovenian electricity companies and CDS’ presentation got a lot of attention. AI is a big buzzword currently in the energy sector and everyone wants to jump aboard and they will need innovative partners like Comtrade Digital Services to help them on their journey.