Solar Energy Predictions: Illuminating Tomorrow’s Energy Landscape

In the quest for a cleaner, greener future, the ability to predict solar panel production allows us to manage energy balance more accurately and efficiently. In Estonia, solar energy contributes around 7% to total energy production in 2022, and the momentum is growing. As the world pivots towards sustainable solutions, accurately forecasting solar energy becomes

Video article: “Personalized optimization in electric power system”

The recent Data Science seminar on Sustainable Development featured a presentation by our data scientist, Arko Kesküla, titled “Personalized Optimization in Electric Power Systems.” This presentation highlighted the integration of data science into energy management, offering potential enhancements in electricity consumption. The talk discussed advancements in the field and the possibilities for individuals and communities

AI masterclass for company executives

Does AI increase company profitability? AI (Artificial Intelligence) is a software tool that can perform specific tasks using enormous amounts of data and mathematical algorithms. Artificial intelligence finds patterns in the data and makes predictions and decisions based on them. AI can provide greater efficiency in various work processes and increase profitability. For example, AI

Folli - artificial intelligence project

What flies but is not a bird – artificial intelligence ‘Folli’ sees and knows

Artificial intelligence systems, known as ‘kratt’* in Estonian, are revolutionizing the way people tackle big, data-intensive, and repetitive tasks by providing faster and easier solutions. The government has a major role in developing these systems, as AI is increasingly being deployed in diverse areas. Estonia’s Heritage Board is one of the cultural institutions that recognizes

Renewable energy solutions – investment or cost for your clients?

Rocketing energy prices and growing energy security concerns have grown the interest in solar and wind production immensely. ROI calculations of these investments rely on a robust assessment of production outcomes and historical energy price data without any realistic outlook to future.  Production of renewable energy relies on uncontrollable weather conditions. Incorrect production estimates cause

Trading on the flexibility market

Rising energy consumption globally is leading to increased demand for renewable energy sources. Efforts to replace fossil fuels with renewables raise numerous issues – high energy prices, the complexity of selling to the grid for renewable energy producers, and increasing frequency volatility in the grid. This instability is largely caused by the unpredictable nature of

Do energy efficiency solutions save the world?

In recent years, issues surrounding energy consumption and production have become an important matter for all of us. Optimizing energy consumption is not only beneficial for our budget, but also for the environment. Simple practices such as turning off lights when leaving the house or office are a step in the right direction. To truly make

How did STACC help Selver make Supply Chain Management more efficient?

The advances in information technology allow people to develop accurate machine learning models that can learn from collected data. The application of such models helps to predict the demand for various products, such as goods sold in grocery stores. Retail chains sell a wide range of products which are ordered using different algorithms. One of