|Coordinator||Greenlytics AB - El Nino AB|
|Funding from Vinnova||SEK 300 000|
|Project duration||December 2017 - September 2018|
Purpose and goal
The purpose of WindMind is to create the next generation decision support for electricity traders dealing with wind power production. This project has taken a first step in that direction. An algorithm for forecast of wind power based on artificial intelligence has been developed. The results are very promising but must be validated further through tests and benchmarks with potential customers. In addition, WindMind´s market conditions have been investigated. This has been done in terms of analysis of market size and growth, competition analysis and customer interviews.
Expected results and effects
The project has resulted in that we at Greenlytics AB now are closer to launching our first product WindMind. The work on WindMind will continue by conducting testing against end-user and further developing the forecasting methods.
Planned approach and implementation
The project has been carried out by a project group at Greenlytics AB. As an in-depth industry and problem understanding already existed within the project group before the project started, the project group could initially focus on technical work. This included the development of code, algorithms and data processing. When a first prototype was developed, the project team increasingly focused on industrial partnerships with potential end customers.