Prof. Henrik Madsen is key-note at the International Conference Energy & Meteorology in Copenhagen in June 2019
Here Prof. Henrik Madsen will describe how the green transition implies that the energy systems will undergo a fundamental change from a system where the energy production matches demand to a system that is driven by the renewable energy production, and where the demand has to match the latter. This implies that renewable energy forecasting will play a central role in the green transition.
Today energy load forecasting is a rather easy task, but in the future demand response methodologies will become widely used and consequently demand and prices will become more volatile and less predictable. In his talk Henrik Madsen will describe the state-of-the-art methodologies for renewable energy and load forecasting with special focus on methods for multivariate probabilistic forecasting of wind and solar power generation. Also methods for unlocking the flexibility of integrated energy systems for the next generation demand response solutions will be described. It will be demonstrated that full multivariate probabilistic forecasting will become essential to maintain the reliability and profitability in the operation of the future low-carbon energy systems.