Technology trends in forecasting renewable energy generation
Renewable energy forecasting is critical for integrating variable renewable energy resources like wind and solar power into the grid. Wind and solar power are heavily dependent on weather conditions, and thus their energy generation patterns are quite erratic. This creates problems not only for grid operators who must account for these frequent fluctuations in their load management schedules, but also for power generators who have to pay hefty charges for deviation from scheduled energy generation.
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