Online Courses

LIVE: Forecasting and AI Prediction for Power Grids

Live 1.5 Hour Seminar Presented by Dr. Randell Johnson
Live Event: November 18th 1:00 pm - 2:30 pm (ET)

How this online course works

Insightful seminar on forecasting methods and application of Artificial Intelligence (AI) for batteries in power grids with an instructor who is recognized as a leading world expert and practitioner with many years of experience with forecasting and market analysis. The advantage of this course is that you receive a comprehensive and detailed set of insights of the latest on using forecasting techniques and AI applications for long term predictions, battery dispatch, battery valuation, and data mining algorithms.

In this seminar, you will learn about different forecasting and prediction techniques and use cases for planning and operating conventional, renewable, and energy storage technologies. There many underlying forecasts and predictions that flow into the planning and operational processes such as fuels prices, demand, renewables, energy, and ancillary services prices, technology costs, and others.  The module will go through the sources, shaping, scaling, methods, and outputs of the following forecasts.

  1. Demand Forecasts
  2. Fuel Price Forecasts
  3. Renewables Forecasts
  4. Energy and Ancillary Price Forecasts
  5. Weather inputs to Forecasts
  6. Technology Cost Forecasts
  7. Real-Time AI
  8. Real-Time Day Ahead Prediction
  9. Leading Methods with Econometric and AI models
  10. Data Services for Forecasting and Prediction
  11. Applications: VPP, BESS dispatch, Hybrid Resources Dispatch, Integrated Resource Plans

What You Will Learn

  1. Where are the underlying forecasts used for?
  2. What are the methods for forecasting and shaping demand forecasts?
  3. What are the typical sources for forecast input data?
  4. How do entities rely on forecasts for planning and operating assets?
  5. Artificial Intelligence applications for asset dispatch
  6. Nodal long-term forecasting for asset valuation
  7. AI predictions for solar, wind, demand, and electricity prices
  8. How to value assets across 1000’s of nodes?
  9. What are the leading data mining approaches to utility data?
  10. Parallelization of asset dispatch analytics algorithms
  11. How does cloud computing facilitate long term forecasts and short term predictions?

Who Should Attend

Among those who will benefit from this seminar include energy and electric power executives; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators; engineers; and corporate planners.

Types of companies that typically attend this program include energy producers and marketers; utilities; banks & financial houses; industrial companies; accounting, consulting & law firms; municipal utilities; government regulators, and electric generators.

Prerequisites and Advance Preparation

This fundamental-level group live seminar has no prerequisites. No advance preparation is required before the seminar.

Why Choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS class today and join the over 10,000 energy professionals who have already attended one of PGS's proven programs.

Instructor

Dr. Randell Johnson
CEO Acelerex

Dr. Johnson has expertise and experience in the Valuation, Design, Procurement, and Operations of Grid Batteries

Dr. Johnson has been involved in the Energy Storage Road Map for the Maldives, Bermuda Energy Storage Sizing Study, New York Energy Storage Road Map, Massachusetts State of Charge Study, MISO Energy Storage Study, Ontario Energy Storage Study, and numerous other energy storage studies. He was selected by the World Bank to study 100% carbon-free grids with energy storage and Acelerex software and methods were selected by the International Agency for increasing penetration of renewables with energy storage. Dr. Johnson has invented and developed software for battery analytics and battery real time control. He is expert at power markets and valuation of energy storage to maximize utilization of existing transmission systems and co-optimization of transmission and other resources in addition of co-optimization of energy and ancillary services. A Harvard Business Case has been written for energy storage that includes methods pioneered by Dr. Johnson.

Dr. Johnson holds a Ph.D. in Power Engineering from Rensselaer Polytechnic Institute and an MS in Economics from Cass Business School, UK, and a Utility Corporate Finance Certificate for Gas and Electric Utilities from UConn Business School. Dr. Johnson has background in strategy, regulatory finance, economic optimizations, quantitative finance, electricity and energy markets, public policy, technical grid design, real-time optimizations, and high-performance computing.

Program Pricing

Live 1.5 Hour Seminar

$245 for the first attendee, $145 for the second attendee, and $75 for each attendee thereafter

Special pricing is available for groups of 10 or more. Please email or call (440) 853-1038.

Payment and Cancellations

Payment is required prior to training program access. Payment can be made by Visa, Master Card, American Express, or corporate check. Your credit card will be charged at the time of registration unless other arrangements have been made.

Cancellations for online training programs can be made before the program access instructions are sent by PGS, and cancellations will result in a credit. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.
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