Energy forecasting app developed by ABB

By OEM Update Editorial November 9, 2019 2:05 pm

ABB is deploying Artificial Intelligence (AI) to help commercial and industrial buildings revolutionise their energy management and tackle rising electricity peak tariffs. The company has added two new AI-powered applications to the ABB ability Electrical Distribution Control System (EDCS): energy forecasting and intelligent alerts.

ABB has developed the AI functions in partnership with Silicon Valley AI specialist Verdigris technologies as part of the company’s open innovation program. The energy forecasting app will enable users to reduce their electricity bills by reducing peak demand charges. The intelligent alerts app uses machine learning algorithms to help customers better manage their assets, identifying underlying issues before they become problems.

Andrea Temporiti, digital leader for ABB’s electrification business, said: “Our use of AI to help customers make better energy management decisions demonstrates ABB’s commitment to innovation in our products and quality in our services. With the new energy forecasting and smart alerts apps, AI drills down into the facility’s power data to pinpoint actionable opportunities for productivity improvements and energy cost savings. This innovative digital service makes it easy to take the necessary corrective actions to minimise any peak demand charges. The precision of the forecasting reduces hedging positions, narrows variability and produces meaningful energy cost savings for commercial and industrial buildings.

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