50Hertz, part of the Elia Group, announced the launch of eCO₂grid, a new platform powered by Vertex AI that aims to help businesses reduce their carbon emissions.
The energy industry is facing huge, exciting challenges. The transition from fossil fuels to a sustainable energy supply using renewable energies continues to be a complex process, and it won’t just happen on its own. With more than a third of the world’s electricity predicted to come from renewables by 2025, the ongoing shift to sustainability requires collaboration, innovation, and determination. At 50Hertz, we want to create the grid of the future using state-of-the-art technologies.
One way to measure progress toward a more sustainable future is by measuring CO₂ intensity, which refers to the amount of carbon dioxide emitted per unit of energy generated. The lower the CO₂ intensity, the less carbon dioxide is emitted for the same amount of electricity. Renewable energy sources have a much lower CO₂ intensity than fossil fuels.
This detailed information about the CO₂ intensity of the electricity in the grid can help companies and their customers gain a better overview of their CO₂ footprint and find ways to reduce their CO₂ emissions.
Using Vertex AI, 50Hertz has been able to develop advanced 24-hour forecasting models first for its core areas of Germany and Belgium, with the possibility of extending them to each of Europe’s electricity market areas, otherwise known as bidding zones.
50Hertz aims for its forecasts to become the gold standard for Europe, and to make its forecast data available to companies producing sustainable products via an API. The ultimate goal is to give everybody a better understanding of what kind of energy is produced where and what impact it really has on the environment.
I think this is a great initiative from 50Hertz. Using Vertex AI to create a platform that can accurately forecast CO₂ intensity is impressive. This will help businesses make informed decisions about their energy consumption and reduce their environmental impact. I am excited to see the impact this technology will have on the future of sustainability.
