FREE ENBIS Webinar by Pierre Pinson: "Old and New Challenges in Renewable Energy Forecasting"2 November 2020; 13:00 – 13:45
Old and New Challenges in Renewable Energy Forecasting
Research on renewable energy forecasting has been active for the last 25 years, with a boom over the last decade. While some of the basics of renewable energy forecasting are well understood, there are still a number of relevant challenges that ought to be considered.
For some of those, they have actually been left aside for a long time, since deemed less relevant by researchers. This includes for instance the fact that time-series are necessarily double-bounded, and possibly with varying upper bounds (due to maintenance of wind turbines, clear-sky evolution for solar panels, etc.), while there also are necessarily missing data and regime shifts in the underlying stochastic processes. However, some challenges relate to novel developments in renewable energy forecasting, with new data sources, access to high-resolution data, etc. Possibly some of the most exciting developments relate to forecast reconciliation and data markets, which will be discussed.
Pierre Pinson is a Professor at Technical University of Denmark (DTU, Dept. of Electrical Engineering), also heading a group focusing on Energy Analytics & Markets. He holds a M.Sc. In Applied Mathematics from INSA Toulouse and a Ph.D. In Energy Engineering from Ecole des Mines de Paris (France). He is the Editor-in-Chief of the International Journal of Forecasting, a leading journal in its field.
He has published extensively in some of the leading journals in Meteorology, Power Systems Engineering, Statistics and Operations Research. He has been a visiting researcher at the University of Oxford (Mathematical Institute), at the University of Washington in Seattle (Dpt. of Statistics), a scientist at the European Center for Medium-range Weather Forecasts (ECMWF, UK), a visiting professor at Ecole Normale Supérieure (Rennes, France) and a Simons fellow at the Isaac Newton Institute (Cambridge, UK).