Innowatts, a leading provider of AI-powered Energy Analytics, has been featured in the recent Nov. 7 report* by the Federal Energy Regulatory Commission (FERC) regarding their inquiry into the December 2022 Winter Storm Elliott. FERC's comprehensive report underscores the pivotal role the Innowatts Platform can play in advancing Grid Modernization and driving increased Operational Improvements for Utilities and Grid Operators.
In Recommendation #9, FERC advises Balancing Authorities to enhance their short-term load forecasts for extreme cold weather periods with the use of Bottoms-Up Forecasting software to help manage extreme weather. The report notes that the combination of distribution-level granular data and AI-powered predictive intelligence, as exemplified by the Innowatts Platform, presents a promising approach for understanding load drivers and impact on grid reliability.
Zohar Asher, Chief Commercial Officer of Innowatts, commented on the report, stating, "The FERC report offers valuable recommendations and insights for Utilities and Grid Operators navigating the challenges posed by increasing DER penetration and rapid changes in consumption patterns, coupled with the growing frequency of extreme weather events. I am particularly gratified that Innowatts' advanced bottoms-up AI Insights and Forecasts are acknowledged as essential tools in ensuring reliability and supply management during extreme weather periods."
The recognition by FERC solidifies Innowatts' position as a key player in the transformation of energy systems, emphasizing the company's commitment to providing innovative solutions for a resilient and adaptive grid.
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* FERC, NERC Release Final Report on Lessons from Winter Storm Elliott : Innowatts reference page 148.
Innowatts is the leading energy data SaaS platform that utilizes best-in-class Artificial Intelligence to help electricity providers unlock grid edge opportunities, increase customer value, and accelerate the energy transition by leveraging Insights from more than 53 million meters globally. Outcomes enable users to analyze multiple data sets, gaining a better understanding of their carbon footprint and intensity for each site. The Innowatts Platform delivers real-time, customer-centric energy analytics with unprecedented accuracy. With clients and operations across the Americas, Europe, and Asia, Innowatts is a global leader, enabling energy providers to become truly customer-focused and fully leverage the power of data to transform their businesses. For more visit www.innowatts.com and follow us on LinkedIn.