The Energy market is highly susceptible to the impact of weather. The ability to accurately forecast the weather conditions is not only important for managing disruptions to the businesses, but also for deploying personnel for infrastructure restoration. Using world-class weather forecasting models and sophisticated algorithms, Weather Intelligence has developed a number of solutions to help the Energy sector manage their weather related risks.
Challenges for the Energy Industry
Unexpected weather events like wind, rain, snow, ice and fog can cause significant damage to renewable energy infrastructure. Preventative planning and quick response is required to minimise downtime after an outage.
Good weather is essential for construction activities, including earthworks, solar panel and turbine installation, and crane operation. Incorrect scheduling of these activities can hinder quality or cause costly delays.
Renewable energy outputs are reliant on the weather. Forecasts can help businesses predict outputs to determine if infrastructure is economical in an area, and can help maximise revenues from existing assets.
Safety must be maintained at all times when installing energy infrastructure, and can be quickly threatened by an unexpected storm. Specific forecasts ensure crews are deployed during safe conditions.
Power outages caused by severe weather may lead to energy transfers and demands to reroute power. Managers need to know how long a storm may last to allocate sufficient resources to address the problem.