eVISO
Proprietary AI platform for day-ahead power forecasting and supply automation
eVISO runs its electricity supply on its own AI platform, now also used by 111 resellers
Problem
Italy's 36 million meters send data every 15 minutes, which adds up to about a trillion new readings a year. A power supplier cannot forecast prices or handle that volume of transactions by hand.
Approach
eVISO built a proprietary AI platform that forecasts and trades around the Italian day-ahead market and automates the electricity supply chain. It also helps customers shift consumption to cheaper hours. The company offers the infrastructure to resellers and larger operators.
Results
Takeaway
The supplier turned an internal tool into a platform that other sellers build on. The figures come from the company's co-CEOs.
Categories
- Size
- Small business
- Industry
- Energy and utilities
- Business function
- Production and qualityFinance, risk and legal
- Innovation type
- Process innovationBusiness model innovation
- AI technology
- Predictive analytics and ML
- Adoption
- Built in-house
- Evidence
- Company's own claim
Sources
Source summaries
Websim reports a La Stampa interview with eVISO's co-CEOs. They describe a proprietary AI platform that forecasts the day-ahead power market and automates supply operations, and give the reseller and supply-point counts. No savings or accuracy figures are given.
Full details are in the original sources.