- DNV’s Energy Transition Outlook (ETO) forecasts that by 2050 electricity production will more than double and 30% of all electricity will come from solar PV.
- Solcast uses the latest in global weather satellite imagery, machine learning, computer vision, and historical and forecast data to accurately produce more than 600 million new forecasts every hour.
DNV has acquired global solar irradiance data and forecasting provider Solcast to further expand DNV’s offering to solar energy customers with digital and data-driven services that help maximize the value of solar power plants globally. DNV’s Energy Transition Outlook (ETO) forecasts that by 2050 electricity production will more than double and 30% of all electricity will come from solar PV, hence the fast growing need in the energy market for reliable data analytics and trusted monitoring systems.
Ditlev Engel, CEO, Energy Systems at DNV said, “I extend a warm welcome to the Solcast team. By joining forces, we take an important step toward even more digital services and data delivery to enable customers to efficiently develop and operate their rapidly growing portfolios in all stages of their solar plants life cycle.”
Real-time access to high quality, accurate short-term forecasts enable customers to easily evaluate power plant operations, evaluate losses, and improve plant performance that leads to improved plant and portfolio management, ultimately reducing costs and maximizing system and portfolio productivity. Solcast uses the latest in global weather satellite imagery, machine learning, computer vision, and historical and forecast data to accurately produce more than 600 million new forecasts every hour in a cloud-based environment and provide real-time access to forecast data with a 5-15-minute resolution via an application programming interface (API).