Tata Power, one of India’s major integrated power utilities, has announced a three-year commercial deal with BluWave-ai, the world’s first renewable energy artificial intelligence firm. Tata Power reached the agreement following a successful trial project in which the BluWave-ai cloud platform was used to create intra-day and day-ahead dispatches for its power scheduling operations.
India has enacted legislation requiring accurate energy scheduling and introducing a real-time market to facilitate the integration of renewable energy into the national system. As a result, electricity distribution firms now face harsh fines if they deviate from their projected energy use, which is exacerbated by power scheduling inaccuracy. As a leader in its field, Tata Power has opted to use artificial intelligence (AI) to optimize power scheduling and, therefore, tackle the new regulatory changes.
The company has implemented several AI solutions, including The Central Control Room for Renewable Assets (CCRA), which employs machine learning for loss estimates, forecasting, and alert/notification.
Tata Power’s Coastal Gujarat Power Limited (CGPL) and Maithon Power Plant (MPL) facilities employ the pit to plant Coal Supply Management (Coal SCM) and Management Strategic Review (MSR) systems to optimize coal supply and order inventory management. The company’s Mumbai Distribution team, which will aid in the proactive evaluation of consumer demands has also introduced a sentiment analysis tool for email categorization and routing.
Mr. Sanjay Banga, President, T & D, Tata Power said, the company is working with BluWave-ai to operationalize Artificial Intelligence in our day-to-day power distribution in Mumbai. “Working with AI-enabled system improvements via cloud computing in real-time operations enhances our baseline systems resulting in higher operational efficiency and accuracy,” Sanjay explains.
Aside from BluWave’s forecast, the PSCC team has developed and deployed change overload prediction and RTM optimization, which use neural networks and linear programming, respectively, to ensure optimal power purchase and hence keep power purchase costs at the optimum levels.
“Our team at BluWave-ai has sought out innovative early adopters of complex AI technologies to onboard our products. We have focused on working with leading global energy companies, such as Tata Power, to build the world’s premier AI cleantech company,” said Devashish Paul, CEO of BluWave-ai.
He went on to say that the company’s solutions in Canada handled the first real-time AI electric utility dispatch and stand-alone industrial applications. BluWave-ai quickly trained its platform for the Indian market by integrating real-time data from Tata Power Mumbai DISCOM with its operations. Customers can use this technology to get a significant financial benefit from the 35,000+ annual electricity dispatches.
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Since February 2020, the BluWave-ai software-as-a-service (SaaS) has been operational 24 hours a day, seven days a week, 365 days a year. BluWave-ai’s grid energy optimization platform balances the cost, availability, and reliability of different energy sources, i.e., both renewable and non-renewable — with energy demand in real-time. It also quickly adjusted to last year’s massive COVID-related shutdowns and subsequent Mumbai lockdowns. The current agreement is for three years, with a five-year extension option.
Recently, Tata Power and BluWave-ai were recognized for their leadership in the Utility Distribution category with an India Smart Grid Forum (ISGF) top-level ‘Diamond Trophy.’ The award acknowledges the benefit of BluWave-ai’s method for forecasting energy consumption load at Tata Power.