Tata Power, BluWave~ai join forces for AI-enabled energy optimization in Mumbai
- October 6, 2021
Tata Power has signed a three-year commercial agreement with BluWave~ai, the world’s first renewable energy artificial intelligence (AI) company.
This agreement comes at the conclusion of a successful trial project during which Tata Power evaluated the performance of the BluWave-ai cloud platform to generate intra-day and day-ahead dispatches for use in its power scheduling operations.
The current collaboration is signed for three years with an option to extend to five.
Rationale
India recently put measures in place to mandate accurate energy scheduling and introduced a real-time market to improve on-boarding of renewable energy in the national grid. As a result, electricity distribution companies now face strict penalties for deviation from planned energy usage, which increases with inaccuracy in power scheduling. As an innovator in its industry, Tata Power decided to activate the potential of artificial intelligence (AI) to optimize power scheduling and thus address the new regulatory changes.
Existing AI solutions at Tata Power
The company has deployed a few AI solutions such as The Central Control room for Renewable Assets (CCRA) which uses Machine Learning based on loss estimation, forecasting and alert/notification. In order to optimise the coal supply and order inventory management, Tata Power’s Coastal Gujarat Power Ltd (CGPL) and Maithon Power Plant (MPL) units also use the pit to plant Coal Supply Management (Coal SCM) and Management Strategic Review (MSR) solutions. In addition to this, the company’s Mumbai Distribution team has implemented a sentiment analysis tool for email classification and routing which will help in proactive assessment of consumer needs.
Also read: Tata Power-DDL Launches “Smart Energy Shoppe”
Enhancing baseline systems
“We are 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.” said Sanjay Banga, President, T&D, Tata Power
Early adopter
“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.
BluWave SaaS
The BluWave-ai software-as-a-solution (SaaS) has been live in operation 24x7x365 since February 2020. It also adapted rapidly to last year’s massive COVID-related shutdowns and the subsequent lockdowns in Mumbai. The current collaboration is signed for three years with an option to extend to five.
Featured photograph showing a view of south Mumbai has been sourced from BluWave~ai, and is for representation only.
