World’s most sophisticated irradiance forecast system maximizes smart grid efficiencies and provides savings and operational benefits to growing solar power industry.
February 6, 2012 – Telvent GIT, S.A., a leading real-time IT solutions and information provider for a sustainable world, announced today that it has formed a strategic alliance with Atmospheric and Environmental Research (AER) to provide the industry’s most advanced solar forecasts to generators and distributors of solar power. AER is a member of the Verisk Analytics (Nasdaq:VRSK) family of companies.
Many U.S. utilities already rely on Telvent’s top-ranked temperature forecasts to predict energy demand. By aligning with AER, Telvent also now provides customers with the most advanced solar forecasts, making it the single-source load forecasting resource for solar power generators and distributors both in North America and around the world.
As utilities increasingly incorporate solar power into their energy portfolios, they need to know how and when rapidly-changing weather variables like cloud cover will impact solar power supply. Telvent’s highly accurate solar irradiance forecasts — powered by AER™ Solance™ technology — incorporate cloud cover forecasts based on real-time satellite imagery, providing utilities with critical insights into fluctuations in supply*. This proprietary forecasting technology enables utilities to harness solar power in the most cost-effective way and minimize the costs associated with variable resources. The result: better informed power marketing decisions as well as improved smart grid efficiencies and reliability.
According to Telvent’s Chairman and CEO, Ignacio Gonzalez, “Solar power is a fast-growing market with unique requirements that only the most sophisticated real-time information providers can address. Telvent is proud to lead the industry in terms of solar forecast accuracy, which helps our clients realize considerable savings.”
Telvent’s near-term forecasts are site-specific and more informative than numerical weather prediction data alone. Customers can feel confident that their load-forecasting decisions are based on rigorous and scientifically-advanced algorithms and software simulation models. This new addition to Telvent’s suite of energy-focused weather solutions is available in North America and internationally.
* AER™ and Solance™ are trademarks of AER, used with permission.
About Telvent
Telvent is a global IT solutions and business information services provider dedicated to helping improve efficiency, safety and security for the world’s leading companies. Telvent serves markets that are critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors. (www.telvent.com)
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in Utilities & Infrastructures, Industries & Machine manufacturers, Non-residential buildings, Data centers & Networks, and in Residential. Focused on making energy safe, reliable, efficient, productive and green, the Group’s 110,000 plus employees achieved sales of 20 billion euros in 2010, through an active commitment to help individuals and organizations make the most of their energy.
www.schneider-electric.com/company