Themis Load Forecasting – Ensuring Power Supply Meets Demand
Managing Demand in Today’s Decentralized Grid: Why Accurate Load Forecasting is Critical
The electric utility industry faces increasing challenges in managing demand, particularly with the complexity introduced by the exploding demand for power, surge of data centers, increased use of electric vehicles, and growing integration of distributed energy resources (DERs). Accurate load forecasting is becoming essential for electric utilities to optimize energy supply and satisfy the demand for always-on power, particularly when factoring in the fluctuating power output from numerous DERs.
They need reliable forecasts to help them avoid costly power shortages and ensure a steady supply, optimize variable power output and better inform power production/purchasing decisions, balance supply with demand, and support and optimize grid operations.
Themis Machine Learning-Powered Analytics: Driving Better Grid Stability with Smarter, Faster Forecasting
Survalent’s Themis Load Forecasting agent is a machine learning-powered, cloud-based service that equips utilities with powerful, predictive models trained on utility-specific data to rapidly analyze vast amounts of historical and real-time system, business, environmental, and topology datasets and generate highly accurate short-term load forecasts – which enable a wide variety of use cases ranging from situational awareness and DER integration to power production/procurement and demand response. As a result, utilities can make real-time operational decisions with confidence.
With Themis Load Forecasting, utilities can revolutionize how they predict and manage energy demand. Whether planning for power production/procurement, peak load management, generation scheduling, or DER integration, Themis Load Forecasting empowers utilities to act with speed and precision – without risking grid imbalance.
Core Capabilities:
- Machine learning-powered, rapid, precise analytics by leveraging sophisticated algorithms to analyze historical and real-time operational technology (OT) and IT data
- Weather and event integration into the predictive model, enhancing the accuracy of load forecasts
- Scalability and customization for the growing needs of small to large utilities, catering to diverse operational requirements
- User-friendly dashboard that helps utilities visualize forecasts, monitor performance metrics, and adjust operational strategies
By improving short-term forecasting accuracy, Themis not only enhances real-time grid operations but also ensures tighter coordination between control rooms, field staff, and enterprise planning teams.
