Global Weather Corp. Delivers Cost-Saving Wind Forecast Service to Xcel Energy
Utility Saves $17 million and counting with deployment of WindWXSM energy forecast service
Boulder, CO (I-Newswire) September 19, 2012 - Global Weather Corp. (GWC) announced completion of the first full-year operational deployment of its WindWXSM energy forecast service with Xcel Energy (NYSE: XEL). This follows a multi-year R&D collaboration to develop the core technology, involving the nation’s number one wind power provider, Xcel Energy, and the National Center for Atmospheric Research (NCAR), the world’s leading atmospheric research laboratory. The result is a new global standard for accuracy in wind power forecasting.
With WindWXSM, Xcel Energy estimates that it has saved $17 million, including about $7.8 million in 2011 alone, and has reduced its forecasting error by approximately 28 percent since 2009. Forecasts for a 168 hour period are provided every 15 minutes for all of Xcel Energy’s service territory, which covers the nation’s heartland from Minnesota to Colorado to Texas.
The WindWX system uses real-time turbine-level operating data and applies sophisticated algorithms to forecast the amount of wind power that will be produced. WindWX forecasts are available world-wide. They are designed to help utilities make decisions about powering down less-efficient power plants when sufficient winds are forecasted, and to optimize allocation of wind resources in the energy market.
“Wind power is expected to represent at least 17 percent of the energy we provide in Colorado today, as we approach our goal of 30 percent renewable energy by 2020,” said David Eves, President and CEO of Public Service Company of Colorado, an Xcel Energy company. “GWC’s high accuracy forecasts are critical to achieving this goal.”
In the early morning hours of April 15, 2012, Xcel Energy’s system in Colorado also reached a significant milestone, and served 56.7 percent of its load with wind energy.
“Wind power production is difficult to forecast due to its variability, and inaccurate forecasts are costly,” said Xcel Energy Senior Trading Analyst Drake Bartlett. “The precision wind power forecasting service provided by GWC has significantly reduced our forecast error and allows us to know when to turn up or turn down coal- and natural gas-fired power plants. This saves us millions in production and market trading costs.”
“Our work with NCAR and Xcel Energy has enabled us to provide the most accurate wind power service globally,” said GWC CEO Mark Flolid. “We constantly monitor the accuracy of our forecast to ground truth at the wind farm. This results in millions of dollars in measurable savings because our customer has consistently better information to make critical scheduling and trading decisions.”
About Global Weather Corporation
With the world’s most accurate precision weather forecasts, Global Weather Corp. (GWC) provides time-critical data services to weather-sensitive industries such as energy, transportation, financial services, agriculture, digital media and consumer applications. GWC’s private-label forecasts use core technology developed for more than a decade by the National Center for Atmospheric Research (NCAR), the world’s leading atmospheric R&D institution. GWC leads the market trend toward more accurate weather delivered precisely when and where users need it. GWC was founded in 2009 in Boulder by the University Corporation for Atmospheric Research Foundation. For more information, visit www.globalweathercorp.com.
About Xcel Energy
Xcel Energy is a major U.S. electricity and natural gas company with regulated operations in eight Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com
GWC: Marie Rotter, email@example.com, 720-833-5925
Xcel Energy: Mark Stutz, Mark.Stutz@xcelenergy.com, 303-294-2080
About Metzger Associates
Liquid Compass is a premier streaming delivery network headquartered in Denver. In addition to a wid More..e array of stream hosting services for desktop and mobile applications, Liquid Compass is also the leading developer of customizable media players and radio streaming applications. Currently, Liquid Compass provides streaming media services to more than 1,000 radio stations in markets throughout the U.S., including: Cromwell Radio, Bonneville, Hubbard Radio, Crawford Broadcasting, Sandusky Broadcasting, Saga Communications, Salem Communications and more. More information about Liquid Compass is available at www.liquidcompass.netLess..
5733 Central Ave, Boulder, CO
Phone : 720-833-5915
Published On:September 19, 2012
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.
Essex Weather Centre Re-launches EssexWeather.com in Time for Spring Season
Edmonton Tree Care Company Alberta Arborists Alleviates Threat of More Intense Droughts to Prairies
A Novel Weather Competition
Bull Trusts Allinea DDT And Allinea MAP For Major Upgrade At Météo France
Making Winters Safer - And Quickly