Tata Power has partnered with Tomorrow.io to enhance its forecasting capabilities with precise weather forecasts in different time frames, event alerts and historical data analysis. Tata Power will use this capability to forecast demand in its Delhi, Mumbai and Odisha Discoms markets and all renewable sites across India.
Enhancing forecast accuracy
With Tomorrow.io’s precise data, Tata Power can deliver accurate power generation and demand estimates for the next day. This accuracy is crucial for day-ahead planning and grid management, ensuring that supply meets demand.
The partners’ research found that the intraday market in India requires more granular forecasting. Tomorrow.io’s real-time data feeds enable Tata Power to adjust its forecasts within the day, accommodating sudden changes in weather conditions and solar irradiance. This flexibility helps in maintaining grid stability and operational efficiency.
By leveraging Tomorrow.io’s data, Tata Power can minimize the financial risks associated with forecast inaccuracies. Accurate forecasting means fewer penalties and better financial performance, contributing to a more stable and predictable business environment.
Accurate and renewable forecasting
In India, the regulatory framework mandates energy companies to submit precise power generation and demand estimates both for the 24-28 hour horizon and intraday periods. The penalties for inaccuracies can affect both financial performance and operational efficiency. For this reason, Tata Power’s ability to forecast renewable power generation and demand with high accuracy is, the company says, not just a compliance issue but a strategic imperative. Accurate forecasts are enable optimized grid management, better resource allocation and improved financial planning.
Collaboration strategy
Tomorrow.io will provide its hyper-localized weather and solar information, which is crucial for making precise power generation and demand forecasts. According to the partners, Tomorrow.io’s platform stands out due to its advanced resilience, climate adaptation and weather intelligence capabilities.
Devanand Pallikuth, Tata Power’s chief of technology services, said, “After thoroughly evaluating the market, it was clear that Tomorrow.io was the industry leader. Their pioneering technologies of radar satellites and proprietary AI modeling provide highly granular and accurate predictions which are transforming the way we can forecast our power generation.”
“We are incredibly excited to form this strategic partnership with Tata Power, India’s leading energy company. This is only the first step in our path to transform India’s climate resiliency and we’re looking forward to expanding this collaboration even further,” said Shimon Elkabetz, co-founder and CEO at Tomorrow.io. “Power generation forecasting has been a major challenge for energy companies around the world due to critical gaps in hyperlocal actionable observations, and we look forward to partnering with Tata Power to change this paradigm.”
In related news, the Government of India recently initiated the procurement and installation of 10 x-band doppler weather radars (DWRs) to enhance weather forecasting and monitoring capabilities in the northeastern states of India and the Lahaul and Spiti District of Himachal Pradesh. Click here to read the full story.