DNV GL Launches Web-Based Forecasting


DNV GL, the world’s largest resource of independent energy experts and certification body, and a digital forecasting provider for more than 15 years, has launched Forecaster Now, the industry’s first forecast on-demand web portal with e-commerce enabled transactions. Forecaster Now is part of a suite of DNV GL subscription-based short-term forecasting services, which also includes: Forecaster Live, Forecaster Plus, and Forecaster Solutions.

“Power grids and markets will continue their rapid transformation to a low carbon system,” said Craig Collier, head of forecasting for the Americas at DNV GL.

Forecaster Now provides users with on-demand forecasts of select power markets with hourly resolution to seven days. Easily accessible on the web, Forecaster Now aims to provide energy traders, plant operators, and other stakeholders with immediate estimates of future wind and solar plant energy production. These instant forecasts help energy traders validate trading instincts and inform O&M managers, which assists them with maintenance scheduling as well as offering a critical “second opinion” energy forecast.

Forecaster Now also provides insight into the potential impacts of wind and solar generation on power supply and pricing, delivering energy traders the data needed to help validate timely trading decisions in the ERCOT market.

Source: DNV GL

For more information, go to www.dnvgl.com/short-term-forecasting