This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Made In IBM Labs: IBM Drives The Future Of Renewable Energy With New Wind And Solar Forecasting System

Stocks in this article: IBM

ARMONK, N.Y., Aug. 12, 2013 /PRNewswire/ --  IBM (NYSE: IBM) today announced an advanced power and weather modeling technology that will help utilities increase the reliability of renewable energy resources. The solution combines weather prediction and analytics to accurately forecast the availability of wind power and solar energy. This will enable utilities to integrate more renewable energy into the power grid, helping to reduce carbon emissions while significantly improving clean energy output for consumers and businesses.

(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO)

Video: http://youtu.be/_PDR4hCP1ZE  

Infographic: http://bit.ly/16avhlv  

The solution, named "Hybrid Renewable Energy Forecasting" (HyRef) uses weather modeling capabilities, advanced cloud imaging technology and sky-facing cameras to track cloud movements, while sensors on the turbines monitor wind speed, temperature and direction. When combined with analytics technology, the data-assimilation based solution can produce accurate local weather forecasts within a wind farm as far as one month in advance, or in 15-minute increments.

By utilizing local weather forecasts, HyRef can predict the performance of each individual wind turbine and estimate the amount of generated renewable energy. This level of insight will enable utilities to better manage the variable nature of wind and solar, and more accurately forecast the amount of power that can be redirected into the power grid or stored. It will also allow energy organizations to easily integrate other conventional sources such as coal and natural gas.

"Utilities around the world are employing a host of strategies to integrate new renewable energy resources into their operating systems in order to reach a baseline goal of a 25 percent renewable energy mix globally by 2025," said Vice Admiral Dennis McGinn, President and CEO of the American Council On Renewable Energy (ACORE). "The weather modeling and forecasting data generated from HyRef will significantly improve this process and in turn, put us one step closer to maximizing the full potential of renewable resources."

State Grid Jibei Electricity Power Company Limited (SG-JBEPC), a subsidiary company of the State Grid Corporation of China (SGCC), is using HyRef to integrate renewable energy into the grid. This initiative led by SG-JBEPC is phase one of the Zhangbei 670MW demonstration project, the world's largest renewable energy initiative that combines wind and solar power, energy storage and transmission. This project contributes to China's 5-year plan to reduce its reliance on fossil fuels.

By using the IBM wind forecasting technology, phase one of the Zhangbei project aims to increase the integration of renewable power generation by 10 percent. This amount of additional energy can power roughly more than 14,000 homes. The efficient use of generated energy allows the utility to reduce wind and solar curtailment while analytics provides the needed intelligence to enhance grid operations.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs