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Fsight welcomes DTEK Group, the leader in Ukraine’s energy sector, as a new customer for its PREDICT forecasting solution. Fsight’s artificial intelligence technology provides fully automatic and highly accurate day-ahead forecasts for DTEK’s electricity generation and consumption portfolio in 5 subregions. The software-as-a-service product is sold on a recurring licensing fee and a performance fee if the set accuracy targets are significantly outperformed.
DTEK is the leading Ukrainian utility serving 3.4 million customers with an 18 GW generation portfolio. Moreover, it is operating the largest solar power plant in Ukraine with a capacity of 240 MW.
Aside from its state-of-the-art forecasting solution, which is used by a growing number of international utilities, Fsight is an industry leader in managing Distributed Energy Resources and Renewable Energy Communities.
While working with Fsight, DTEK has been able to improve its forecasting prediction accuracy by appr. 50% to reach a low single digit error rate (MAPE) which positively impacts portfolio management and costs.
Contact us if you’re interested in initiating a FREE energy forecasting pilot.