Post: GridBeyond launches Forecaster to manage risks and increase revenues for businesses in Australia

GridBeyond launches Forecaster to manage risks and increase revenues for businesses in Australia

GridBeyond has launched its new platform capability ‘Forecaster’ which gives  businesses the ability to manage risks and increase revenues. The new service, which will be available in Australia from October 1, is part of GridBeyond’s award winning asset management and optimisation solution suite. It offers a comprehensive approach to managing and monetising energy assets, from accurate forecasts, advanced trading strategies, and real-time analysis, through to robotic trading and asset optimisation and control, to increase margins, optimise financial returns, and manage risk in the energy market.

Forecaster is the first of GridBeyond’s new suite of services soon to be available in Australia’s National Electricity Market (NEM). 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.

Since the acquisition of California based Veritone Business Energy Inc earlier in 2023, GridBeyond has been working to deliver and improve a range of new products and services. By increasing the accuracy and ability of our forecasting models, Forecaster can help businesses to maximise revenues, manage risks and support companies towards their net zero path.

GridBeyond Chief Commercial Officer Mark Davis said:

More information about Forecaster can be found here