CALGARY, AB, October 2, 2024 /PRNewswire/ – Arcus Power, an energy intelligence company, today announced a strategic partnership with weather technology pioneer Climavision, to integrate its Horizon AI Point Forecast weather data into Arcus Power’s Nrgstream platform. This collaboration will provide energy traders and market participants with critical weather information, improving business strategies, risk management and operational efficiencies in weather-influenced markets.
Energy traders are increasingly faced with the significant impact of weather on energy supply, demand and prices. Accurate and timely weather data is essential for predicting energy consumption patterns, forecasting renewable energy generation output, and anticipating market developments. By integrating Climavision’s high-resolution weather data into Nrgstream, Arcus Power addresses these challenges, delivering real-time weather information directly into traders’ workflows.
“Our partnership with Arcus is a game changer for energy traders and analysts. » said Chris Goodefounder and CEO of Climavision. “By combining our advanced weather forecasting technology with Arcus’ innovative intelligence software, we give decision-makers the actionable insights they need to navigate volatile energy markets. The Horizon AI Point Forecast, now available via Nrgstream, will provide traders with unprecedented insights. precision and granularity of their weather outlook, allowing them to capitalize on arbitrage opportunities and mitigate risks.
“Climavision’s vision for comprehensive weather coverage across North America offers significant value to those seeking to better manage the risks that extreme weather poses to the energy sector and associated infrastructure,” said Dan Erhardtfounder and CEO of Arcus Power. “This partnership presents a great opportunity for our customers. We look forward to delivering increased value wherever we can.”
Climavision leverages a proprietary network of high-resolution radars, satellite observations and AI-driven predictive models to provide detailed weather forecasts. By filling gaps in existing weather data infrastructure, Climavision improves the accuracy of weather forecasts, particularly for severe weather events and renewable energy generation forecasts.
Sectors such as utilities, renewable energy producers and energy traders are expected to benefit significantly from this integration. The Nrgstream platform will allow users to:
- Improve demand forecasting: Access to accurate temperature and weather forecasts helps anticipate changes in energy demand, leading to better business and operational decisions.
- Improve renewable energy production forecasts: Better wind and solar forecasts help predict renewable energy supply, which is essential for trading in renewable energy-intensive markets.
- Mitigating weather-related risks: Real-time monitoring of extreme weather events allows traders to anticipate and respond to potential supply disruptions and price volatility.
- Competitive advantage: AI-powered weather analytics offer key insights into market trends, helping traders spot opportunities and improve their strategies.
Arcus Power’s Nrgstream platform is one of the North America largest and most comprehensive electricity market data solutions that aggregate hundreds of billions of rows of granular, real-time and historical electricity market data across North America. By integrating Climavision’s advanced weather data, Nrgstream significantly improves its comprehensive knowledge of the energy market.
The integration allows traders to see accurate and up-to-date weather information alongside electricity market data. This helps them make informed decisions, identify business opportunities and manage weather risks in energy markets more effectively.
For more information or to request a demo of the Nrgstream platform, please contact us at (email protected)
About Arcus Power
Power of Arcus is an energy market information company trusted by Global Utilities, Fortune 500 companies, cities, small manufacturers and power generators. Arcus helps microgrids and commercial and industrial customers lower their operating costs and reduce their carbon footprint. Our SaaS solutions include: a customizable platform to deliver historical and real-time energy market data and analysis to one of the largest energy market databases in North America, predictive tools for cost management that dynamically optimize demand response, energy pricing and coincident peaks with operations and cost decision support tools for the environment and sustainability mandates, using dynamic monitoring and forecasting of the grid and on-site emissions. Arcus is uniquely differentiated by its proprietary technology that allows us to tailor our systems to the unique operational needs and economic demands of our customer base. For more information, visit arcuspower.com and for a free trial of the platform, register here. Follow us on LinkedIn, X (Twitter) and YouTube to learn more.
About Climavision
Climavision combines the power of a proprietary, high-resolution additional weather radar network with its industry-leading Horizon AI forecasting technology suite to fill critical weather observation gaps and significantly improve the speed and accuracy of forecasts. Climavision’s revolutionary approach to climate technology is poised to help reduce the economic risks of weather volatility for businesses, governments and communities. Climavision is backed by The Rise Fund, the world’s largest global impact platform committed to achieving measurable, positive social and environmental outcomes and competitive financial returns. The company is headquartered in Louisville, Kentuckywith research and development in Raleigh, North Carolina and AI forecasting operations at Ft. Colins, CO. To learn more, visit www.Climavision.com.
SOURCE Arcus Power Corp.
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