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AI-based forecasting for optimised solar energy management and smart grid efficiency

Author(s)
Bouquet, Pierre; Jackson, Ilya; Nick, Mostafa; Kaboli, Amin
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Abstract
This paper considers two pertinent research inquiries: ‘Can an AI-based predictive framework be utilised for the optimisation of solar energy management?’ and ‘What are the ways in which the AI-based predictive framework can be integrated within the Smart Grid infrastructure to improve grid reliability and efficiency?’ The study deploys a Deep Learning model based on Long Short-Term Memory techniques, leading to refined accuracy in solar electricity generation forecasts. Such an AI-supported methodology aids power grid operators in comprehensive planning, thereby ensuring a robust electricity supply. The effectiveness of this framework is tested using performance metrics such as MAE, RMSE, nMAE, nRMSE, and R2. A persistent model is utilised as a reference for comparison. Despite a slight decrease in predictive precision with the expansion of the forecast horizon, the proposed AI-based framework consistently surpasses the persistent model, particularly for horizons beyond two hours. Therefore, this research underscores the potential of AI-based prediction in fostering efficient solar energy management and enhancing Smart Grid reliability and efficiency.
Date issued
2023-10-16
URI
https://hdl.handle.net/1721.1/153988
Department
Massachusetts Institute of Technology. Center for Transportation & Logistics
Journal
International Journal of Production Research
Publisher
Informa UK Limited
Citation
Pierre Bouquet, Ilya Jackson, Mostafa Nick & Amin Kaboli (2023) AI-based forecasting for optimised solar energy management and smart grid efficiency, International Journal of Production Research.
Version: Final published version
ISSN
0020-7543
1366-588X
Keywords
Industrial and Manufacturing Engineering, Management Science and Operations Research, Strategy and Management

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