Department Of Energy Announces Winners Of Solar Forecasting Prize
This week, during a live, virtual event at Carnegie Mellon University’s Energy Week, the U.S. Department of Energy (DOE) announced the winners of the American-Made Solar Forecasting Prize. The five winning teams, who will each receive $50,000, had the best-performing forecasting models and strongest plans to accelerate the adoption of probabilistic forecasts. The two runners-up will receive $25,000 each.
The Solar Forecasting Prize is designed to incentivize the development of state-of-the-art solar forecasting capabilities to assist grid operators in predicting how much solar power will be produced while considering weather-related uncertainties such as cloud coverage.
Accurate solar forecasting is essential for reliable and cost-effective integration of solar energy into the electricity grid, helping to achieve the Biden Administration’s goal of decarbonizing the grid by 2035.