Post: GridBeyond launch Forecaster to manage risks and increase revenues for businesses

GridBeyond launch Forecaster to manage risks and increase revenues for businesses

GridBeyond launch Forecaster to manage risks and increase revenues for businesses

GridBeyond launch Forecaster to manage risks and increase revenues for businesses. The new solutions already available in North America will be accessible in Great Britain, Ireland, Australia and Japan.

In an era of rising energy costs, increasing regulatory demands, and intensifying competition, forecasting tools are essential for businesses looking to optimising operations, control costs and meet sustainability goals.

As energy markets grow more complex, the ability to forecast and respond effectively becomes a defining factor in long-term competitiveness. For energy-intensive industries—from manufacturing and logistics to data centres and utilities, Forecaster is used to make accurate, real-time decisions about resource allocation and market participation, based on current and historical demand, supply, price, weather conditions, and a host of other constantly evolving variables. 

GridBeyond’s Forecaster enables companies to plan high-energy operations during lower-cost periods, helping manage price volatility and reduce overall energy costs. It helps anticipating energy supply fluctuations, hedging against price spikes, and reducing reliance on last-minute purchasing managing risks. Forecaster it also aligns with energy consumption with production cycles and operational demand, allowing for smarter resource deployment and improved scheduling.

GridBeyond’s Forecaster is part of GridBeyond’s award winning asset management and optimisation solution suite. It provides insights for users that enable profitable and confident decisions for asset planning and operations seconds, days, and years into the future. Forecaster continuously adapts and auto-retrains for time-series forecasts using reinforcement learning. 

Forecaster is the first of GridBeyond’s new suite of services available where GridBeyond operates. This suite includes: ‘Baseline’ – for monitoring and visualising site and organisation-wide energy consumption and associated emissions in real-time; ‘Designer’ – which leverages AI to optimise prospective energy investments for profitability and sustainability; and Managed Battery as a Service – for battery energy storage monetisation with real-time market optimisation.

“From accurate forecasting and advanced trading strategies to real-time analysis, robotic trading, and asset optimisation, GridBeyond Forecaster empowers our clients to increase margins, maximise financial returns, and navigate the complexities of the energy market with confidence,” said Mark Davis, Chief Commercial Officer at GridBeyond. “Our technical capabilities enable us to deliver highly accurate, intelligent solutions that help businesses unlock both revenue and cost savings. Our mission is to continuously improve and deliver best-in-class services to all our customers.”