ABB and Verdigris Technologies have developed machine-learning algorithms to predict unplanned peaks in power consumption - and identify strategies to prevent them
ABB is deploying artificial intelligence (AI) to help commercial and industrial buildings revolutionize their energy management and tackle rising electricity peak tariffs. The company has added two new AI-powered applications to the ABB Ability™ Electrical Distribution Control System (EDCS): Energy Forecasting and Intelligent Alerts.
ABB has developed the AI functions in partnership with Silicon Valley AI specialist Verdigris Technologies as part of the company’s Open Innovation program. The Energy Forecasting app will enable users to reduce their electricity bills by reducing peak demand charges. The Intelligent Alerts app uses machine learning algorithms to help customers better manage their assets, identifying underlying issues before they become problems.
Andrea Temporiti, Digital Leader for ABB’s Electrification business, said: “Our use of AI to help customers make better energy management decisions demonstrates ABB’s commitment to innovation in our products and quality in our services. With the new Energy Forecasting and Smart Alerts apps, AI drills down into the facility’s power data to pinpoint actionable opportunities for productivity improvements and energy cost savings.”
ABB’s Open Innovation program engages incubators, accelerators, innovation centers and start-ups in the co-development and design of innovative new digital solutions and business models. The company is building an ecosystem of innovation partners to work on digital energy management services for applications that range from smart buildings to e-mobility. The collaborations help start-ups to develop services that can be marketed directly to ABB customers via its Digital Marketplace; the innovation strategy also enables ABB customers to benefit from cutting-edge digital technologies much sooner.
Source: Company Press Release