Veritone: Veritone iDERMS: AI-Powered Green Energy Management

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The global energy sector has started to shift away from fossil fuel energy production, adopting less reliable but cleaner green energy sources. With new forms of energy storage, supply and demand imbalances are impacting grid stability, customer satisfaction, and company profitability. Moreover, the influx of distributed energy resources (DERs) is forcing grid operations and independent power producers to rethink managing and operating their business.

The energy sector urgently needs solutions to make green energy more predictable, reliable, and cost-effective. And to do this without overburdening humans requires the adoption of artificial intelligence (AI).



Built upon Veritone aiWARE, a hyper-expansive Enterprise AI platform, Veritone iDERMS harnesses the power of AI to revolutionize today’s energy ecosystems. It unlocks the full potential of DERs through real-time energy forecasting, optimization, and control. At the same time, it enhances grid reliability against sudden and unpredictable conditions.

Veritone iDERMS comprises three modules bundled together or used separately, depending on your needs. iDERMS solution includes:
Veritone Optimizer uses domain rules, highly accurate energy forecasts, and historical and sensor data to produce the optimal dispatch model at any given time. Optimizer fuses real-time forecasting, economics, rules, and active learning to deliver autonomous energy management based on internal strategic drivers and external market opportunities.

Veritone Controller uses AI-based energy forecasting and optimization techniques to intelligently control and actively synchronize energy edge devices with each other and the grid. With Controller, utilities can reliably dispatch energy between DER devices— even during abrupt demand spikes— ensuring proper voltage, frequency and phase matching at all times.


The Energy Industry Desperately Needs AI To Solve The Challenges They Are Facing With The Rapid Growth Of Distributed Energy Resources (Ders)


With Veritone’s iDERMS solution, renewable energy is delivered with unparalleled reliability and efficiency. At the same time, it simultaneously addresses the commercial aspects of DERs to maximize investments as energy providers accelerate the mission to end global dependence on fossil fuels.

Company
Veritone

Headquarters
Denver, Colorado, United States

Management
Sean McEvoy, Senior Vice President of Energy

Description
Built upon Veritone aiWARE, a hyper-expansive Enterprise AI platform, Veritone iDERMS harnesses the power of AI to revolutionize today’s energy ecosystems. It unlocks the full potential of DERs through real-time energy forecasting, optimization, and control. At the same time, it enhances grid reliability against sudden and unpredictable conditions. Veritone iDERMS comprises three modules bundled together or used separately, depending on your needs. iDERMS solution includes— Veritone Forecaster, Veritone Optimizer, Veritone Controller

Veritone