There are currently two main customers for renewable energy forecasting technologies: utility companies and independent system operators (ISOs). However, the difficulty in producing accurate solar and wind forecasts has required electric utilities to hold higher amounts of energy reserves as compared to conventional energy sources. Yet, solar power installations grow each day, and future solar penetration levels require increased attention to the value of more accurate solar forecasting.
With better solar and wind forecasts, it’s possible that solar energy’s contribution to the U.S.’s energy will reach up to 50%. Until now, due to intermittency, solar energy won’t supply more than 20 to 30% of the U.S.’s energy. However, a collaboration between IBM and the U.S. Dept. of Energy (DOE) could double the accuracy of solar and wind forecasts within the next year with the help of IBM Research’s machine learning technology.





