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Tata Power, India’s largest integrated power utility, announced that it has signed a three year commercial agreement with BluWave-ai, the world’s first renewable energy AI company.
The agreement was signed after a successful trial project, during which Tata Power evaluated the performance of the BluWave-ai cloud platform to generate intra-day and day-ahead dispatches for use in its power scheduling operations, said the statement.
India recently put measures in place to mandate accurate energy scheduling and introduced a real-time market to improve onboarding of renewable energy in the national grid. As a result, electricity distribution companies now face strict penalties for deviation from planned energy usage, which increases with inaccuracy in power scheduling.
As an innovator in its industry, Tata Power decided to activate the potential of artificial intelligence (AI) to optimize power scheduling and thus address the new regulatory changes.
Tata Power’s Mumbai Distribution team has implemented a sentiment analysis tool for email classification and routing that will help in the proactive assessment of consumer needs, the statement added.
Apart from the forecast provided by BluWave, the PSCC team has also developed and implemented change overload prediction and RTM optimization, which utilises neural network and linear programming, respectively, thus ensuring optimised power purchase and hence keeping the power purchase cost at the optimum levels.
The leadership demonstrated by Tata Power and BluWave-ai was recognised with an India Smart Grid Forum (ISGF) top-level ‘Diamond Trophy’ in the Utility Distribution category. The award recognizes the and benefits of the BluWave-ai’s method for forecasting energy consumption load at Tata Power.
“We are working with BluWave-ai to operationalize Artificial Intelligence in our day to day power distribution in Mumbai. Working with AI enabled system improvements via cloud computing in real-time operations enhances our baseline systems resulting in higher operational efficiency and accuracy.” said Sanjay Banga, President, T & D, Tata Power.