BSES, Bidgely sign MoU for AI-powered solutions

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BSES, Bidgely sign MoU for AI-powered solutions
BSES, Bidgely sign MoU for AI-powered solutions

Using historical time series demand data, weather, and network related inputs, the AI-powered solutions firm will develop and implement a short term (day ahead) AI & machine learning (ML) algorithm-based forecasting solution

Discom BSES and Bidgely, a US-based global leader in (artificial intelligence) AI-powered solutions have signed an MoU for accelerating its transition towards a greener and digitalised future.

To enhance operational efficiencies in several areas, BSES Rajdhani Power Ltd (BRPL) and the AI-powered solutions firm will collaborate in the development and implementation of scalable AI-based solutions.

For enhancing consumer engagement, reduction in AT & C losses, further optimisation of power purchase costs, and better planning of the distribution network, the partnership will help the AI-powered solutions firm to develop AI-based solutions. Based on the energy consumption patterns of the consumers and disaggregation of consumer load at the appliance level, it will also help to develop tools for promotion of energy efficient appliances.

Using historical time series demand data, weather, and network related inputs, the AI-powered solutions firm will develop and implement a short term (day ahead) AI & machine learning (ML) algorithm-based forecasting solution. This will help in near accurate load forecasting through supervised and unsupervised ML algorithms.

As AI and ML will be used to detect and quantify EV loads and rooftop solar generation, there will be opportunities in detection of EV and solar loads. To encourage adoption of EVs and rooftop solar, as well as facilitate design of Demand Side Management (DSM) programs for load shifting through customised incentive programs and efficient management of EV charging in relation to the distribution network, this will help in profiling target consumers.

On partnering with AI-powered solutions firm Bidgely, a BSES spokesperson said: “BSES is committed to energy efficiency, adoption of green technologies and smart power procurement initiatives that will result in optimised solutions for us and our consumers. This association brings together two leaders in their respective domains and the resulting synergies are expected to benefit consumers in a more meaningful way, as also provide us insights to deal with emerging challenges as well as capitalise on opportunities.”

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