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What is UPLAN?

The UPLAN Advanced Clearing Engine (UPLAN-ACE) is engineered to enhance day-ahead market operations in accordance with established protocols from operators, while also carrying out real-time economic dispatch in 5-minute intervals during every operational hour. This cutting-edge system effectively combines day-ahead generation offers with real-time demand bids to refine the provision of energy and ancillary services for both hourly operations and 5-minute dispatches. A notable feature of UPLAN-ACE is its proficiency in modeling the unpredictable and fluctuating characteristics of new technologies, such as batteries, flywheels, and other rapid-response systems. Additionally, the Real-Time Model (RTM) not only mirrors the scheduling process for the upcoming hour but also oversees real-time dispatch every 5 minutes, building on the commitment schedules developed in the Day-Ahead Market (DAM) while predicting real-time load needs. With dispatch operations conducted in 5-minute cycles, it includes optimal power flow computations and ultimately produces locational marginal prices (LMPs), imbalance schedules, and updated dispatch information. This all-encompassing methodology guarantees that UPLAN-ACE is capable of responding to the dynamic demands of contemporary energy systems and delivers precise and timely forecasts for market participants, thereby enhancing their decision-making processes. Furthermore, UPLAN-ACE's adaptability positions it as a vital resource in the ongoing evolution of energy markets, ensuring efficiency and reliability in energy distribution.

What is Renewcast?

Renewcast, an Italian company, specializes in artificial intelligence-based forecasting for renewable energy, with a particular emphasis on wind power generation. Founded in 2020 by a team boasting over a hundred years of combined experience in energy and IT, this innovative firm offers a Software as a Service (SaaS) platform that provides highly accurate daily and intra-day wind energy production forecasts. Utilizing advanced proprietary deep learning algorithms and digital twin technology, Renewcast achieves a remarkable forecasting accuracy with errors as low as 7% normalized Mean Absolute Error (nMAE), which notably surpasses the global industry benchmarks. This level of precision enables energy operators to reduce global imbalance costs by up to 30%, enhancing their operational efficiency. Renewcast's services include a variety of forecasting periods—from intra-day to day-ahead, as well as 48-hour and medium-term forecasts lasting up to 15 days, with hourly updates available. Clients benefit from seamless access to these forecasts through a direct API, and they can tailor parametric reports using a user-friendly interface, emphasizing the platform's accessibility. As a result, Renewcast is positioned at the forefront of transforming the management and application of wind energy forecasts within the sector, setting a new standard for accuracy and user engagement in energy forecasting.

Media

Media

Integrations Supported

Integrations Supported

Microsoft Azure

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Online Training

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

LCG Consulting

Company Website

www.energyonline.com

Company Facts

Organization Name

Renewcast

Date Founded

2020

Company Location

Italy

Company Website

renewcast.com

Categories and Features

Energy Management

Budgeting & Forecasting
Cost / Use Reporting
Emissions Monitoring
Energy Price Analysis
Load Control
Risk Management

Categories and Features

Energy Management

Not specified

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