Tuesday, April 27, 2021
DENVER — Veritone Inc. (NASDAQ: VERI) in the present day introduced its new Grid Reliability in Device (GRID) initiative, an aggressive plan to embed Veritone’s clever predictive controllers in widespread renewable grid property, together with photo voltaic inverters and storage, battery storage techniques, EV chargers, wind generators and hydroelectric energy techniques.
The firm stated it expects this initiative to simplify the combination of distributed power sources (DER), lengthen asset life and enhance grid resilience.
Utilities, unbiased energy producers (IPPs), and microgrid builders face reliability challenges in integrating and managing inexperienced power sources because of their variable nature. Fluctuations within the energy offered by these sources could cause expensive injury to grid property and inefficient power distribution.
In addition, excessive climate circumstances can shut down total energy grids within the absence of autonomously managed emergency microgrids. Without predictive AI modeling and monitoring of grid property, Veritone stated these reliability challenges will proceed.
Veritone Energy Solutions are predictive, AI-powered options that steadiness and strengthen the grid to extend reliability, scale back operational prices and enhance resilience. With Veritone’s new GRID asset modeling and management initiative, predictive controllers embedded in widespread grid property can allow the business to appreciate these advantages quicker than ever earlier than.
These controllers additionally complement the usual controllers that ship with some units, offering progressive predictive capabilities and dynamic determination fashions that replicate present grid standing, the corporate stated.
Renewable grid property with Veritone controllers can allow autonomous grid management and decision-making throughout hundreds of supported grid units, making certain optimum financial transmission throughout regular operations and macro and microgrid resiliency throughout excessive climate circumstances.
“Out of the box” gadget compatibility additionally simplifies grid integration of renewable power units, making the transition to inexperienced power simpler and quicker for builders and operators. Integrated controllers additionally allow power smoothing, which extends asset life and reduces the chance of gadget burnout and ensuing environmental injury.
“We believe Veritone’s energy solutions will become the standard for intelligent autonomous grid control, optimization and resilience, and our GRID initiative is a critical path forward towards this goal,” stated Chad Steelbergchairman and CEO of Veritone.
“Our patented model optimization and control technology can be built into any network asset to make power grids greener, more cost-effective and more reliable everywhere.”
Veritone stated the GRID initiative will allow grid asset producers to ship added worth to their finish prospects, giving them peace of thoughts about gadget reliability and longevity. Utilities, IPPs, and builders can use Veritone AI-embedded grid property for optimum operation with each macro and micro grids.
“The need for reliable, clean, distributed power generation has never been greater,” he stated Mark Warddirector at Amshore renewable powerthat develops wind, photo voltaic and battery storage initiatives.
“We expect that predictive control built into solar inverters and solar battery systems will not only help us integrate these intelligent systems into the power grid more quickly, but also give us confidence that these systems will work reliably with the power grid to provide continuous to carry out an optimal economic adjustment. .”