Dubai: Hitachi Energy has unveiled Nostradamus AI, an advanced artificial intelligence (AI)-driven energy forecasting solution developed to improve accuracy and efficiency across the energy sector. Leveraging over 30 years of energy market data, this innovative solution pledges to offer precise forecasts for utilities, power system operators, energy producers, and traders.
Nostradamus AI stands as one of the first AI-powered forecasting tools specifically tailored for the energy industry, providing forecasts that are 20 percent more accurate than traditional industry targets. The energy sector is increasingly challenged by growing electricity demand, grid volatility, and the rise of renewable energy sources. To navigate this sophistication, organizations are turning to AI technologies capable of processing large and diverse data sets.
Massimo Danieli, Managing Director, Business Unit Grid Automation for Hitachi Energy stated that, “Advanced forecasting is integral to effectively manage a company’s energy portfolio strategy, allowing operators and analysts to make informed decisions across their businesses quickly. We’ve applied our extensive energy domain expertise and data science background to create an AI engine that can significantly accelerate the ability of users to make impactful decisions with their energy data, deliver improved profitability across their businesses, and scale as the grid evolves.”
Nostradamus AI addresses this demand by delivering high-accuracy predictions across various energy-specific use cases, including system load, wind and solar generation, and market pricing. This tool allows organizations to optimize energy investments, streamline operational efficiency, and make more informed decisions that align with regulatory requirements.
Nostradamus AI is built on a cloud-native, scalable architecture, ensuring it can meet diverse forecasting needs varying from individual energy points to large-scale operations. The solution is algorithm-agnostic, supporting multiple AI models and integrating seamlessly with existing systems.
With its customizable, pre-tuned models, it empowers users—whether investors, developers, or traders—to make data-driven decisions that drive profitability and operational performance. Hitachi Energy introduces Nostradamus AI, a next-generation AI-powered energy forecasting solution designed to enhance decision-making and optimize performance across the energy sector.