Purpose and goal
The purpose of the project is to investigate and test hypotheses to scale Greenlytics into a profitable company. Within Innovative startups phase 1, a method for forecasting wind power was developed. This method is the basis of WindMind. In this project, WindMind will be tested and validated together with customers. In addition, the potential for other related products such as solar, consumption and water inflow forecasts will be investigated. Where large potential use-cases can be proven, POCs will be created.
Expected results and effects
The expected result of this project is in the first place two products relating to WindMind. The first product is a system to forecast the aggregated wind power in the Nordic region and the second provides global coverage wind power forecasting on wind farm level. The goal of launching these products is partly to make Greenlytics a brand in the power industry and partly to test hypothesis on a faster procurement method for wind power forecasts. Lastly, potential will be evaluated for other forecast use-cases and proof-of-concepts will be developed.
Planned approach and implementation
The project plan is to first continue the testing and validation of WindMind together with customers. We plan to take part in real procurement procedures from customers as well as conducting POCs with customers. With the gained experience from the testing, WindMind Nordic and Global will be developed in the first half of 2019. Second half of 2019 will be dedicated to test hypothesis of global market and the potential for forecasting of other power sources.