September 5, 2013
Japanese and Irish researchers jointly develop ground breaking technology
that could lead to cheaper electricity prices
NTT DATA Corporation
Telecommunications Software & Systems Group (TSSG)
NTT DATA Corporation and TSSG have participated in a collaborative research
project which started in November 2012 and have jointly developed an energy
management solution using Big Data analytics to improve predictions in market
intelligence of electricity demand, pricing and renewable generation.
These results herald the beginning of the next phase of this long-term project,
focused on facing the global uncertainties of matching future electricity supply
and demand.
Ireland’s embracing of renewable energy generation serves as an attractive testbed in demonstrating the viability of reliance on renewable energy. The joint
initiative developed a model that allows energy suppliers to predict energy
demand for every 15 minutes in the next 24 hours, using historical data and
weather data. By doing this, it successfully counteracts unpredictable factors,
such as weather patterns in safeguarding the stability of a national grid
infrastructure through leading-edge Big Data algorithms.
In Japan, there are significant opportunities in the electricity generation sector,
driven by the impending liberalization and expansion of the electricity market.
This expansion also includes demands by government to incorporate substantial
levels of renewable energy generation, requiring new and existing power
companies to act immediately in this regard.
The research focused on the analysis of historical electricity generation and
weather data taken over the previous five years, to produce a predictive model
for electricity power generation and pricing over 15 minute intervals. To
enhance the accuracy of the algorithm a feedback mechanism was developed to
directly address the impact of energy demand on the pricing model. This
groundbreaking invention empowers the energy sector with improved visibility
on directly matching electricity supply with demand leading to potential
operational and cost efficiencies in the market, in essence providing the platform
to pass on savings to consumers during times of optimal renewable generation.
NTT DATA and TSSG will expand the collaborative research based on the current
results and will aim for building an energy management solution and
undertaking a live experiment in the near future.
Dr. Kitani, Senior Vice President, Research and Development Headquarters of
NTT DATA, said:
“I am pleased that we developed successful results in collaboration with TSSG
since November 2012 as the first step for NTT DATA to extend our R&D
capabilities into Ireland. This forms part of our partnership expansion strategy
with research institutes worldwide to explore advanced technologies and create
new services, NTT DATA is extending our collaboration scheme with TSSG and
building a long-term relationship with Ireland by executing the next phase of the
project.”
Dr. Donnelly, Director of the TSSG, said:
“The TSSG is proud to announce the completion of the first phase of this joint
collaboration. We are very proud to be associated with a world leader such as
NTT DATA. Collectively we have developed unique expertise in the important
area of renewable energy management which will bring economic benefit to
Japan and Ireland. We value the relationship with NTT DATA and are committed
to the establishment of a joint world class centre of excellence to leverage our
expertise in Big Data, Utility Management and Communication Networks.”
ENDS
This technology is one of the activities related to NTT DATA Technology
Foresight 2013[Note 1] technology trend "Strategic data collection and analysis".
------------------------------------------About NTT DATA Corporation
NTT DATA is your Innovation Partner anywhere around the world, with
operations in more than 35 countries. NTT DATA emphasizes long-term
commitment and combines global reach and local intimacy to provide premier
professional services from consulting, application services, business process and
IT outsourcing to cloud-based solutions.
NTT DATA Corporation provides unique Big Data / Business Analytics services
called “Data Warehouse / Business Intelligence Lab Service®”, services for
customers to check the feasibility of business intelligence systems in achieving
customer objectives, and data analysis consulting using “BICLAVIS®”, NTT
DATA’s best analytics design knowledge for Big Data
NTT DATA CORPORATION：
http://www.nttdata.com
About TSSG
The TSSG is a world leader in the area of adaptive networks and services with
particular emphasis on ubiquitous communications environments. Data
Analytics and in particular the management of Big Data forms a core part of its
research program. Through the ‘SFI SRC Fame’ program (Note 2), TSSG has
established a strategic research program with many international organizations.
It is a major participant in the European Framework Future Internet research
program including the FINSENY and FINESCE projects (Note 3), addressing
smart energy. It has established an innovation platform for the exploitation of its
research outs. This platform has resulted in the creation of 10 companies
employing more than 200 people.
The TSSG was formed as part of the Waterford Institute of Technology (a
university-level institution based in the South East of Ireland with over 10,000
students and 1,000 staff) in 1996 focusing on research in mobile and fixed-line
telecoms. TSSG has engaged with over 425 partners across 35 countries
worldwide e, on collaborative research projects. They are considered leaders in
the EU Framework Programs (FP) and have contributed significantly to setting
the European research agenda.
TSSG：http://www.tssg.org/
Note
(Note 1) NTT DATA Technology Foresight is a study of the near future and
technology trends which NTT DATA publishes annually.
Based on current social and business issues, a broad range of research and
interviews with industry experts, we obtain insights into the near future in terms
of information society and technology trends which are likely to make a
significant impact on our customers’ mid to long term business.
NTT DATA Technology Foresight
http://www.nttdata.com/global/en/about/foresight/index.html
(Note 2) ‘SFI SRC Fame’ is a Strategic Research Cluster funded by Science
Foundation Ireland investigating Federated, Autonomic Management of End-toend communication services
(Note 3) FINSENY project: Project to conduct demonstration tests in cooperation
with ICT businesses and energy-related businesses in Europe with an eye to
clarifying ICT requirements for prediction control and optimization by smart
grids.
FINESCE builds on and extends the results of the FINSENY project to realise
sustainable real time smart energy services. The consortium includes leading
energy and ICT operators, manufacturers and service providers as well as
research organisations and SMEs from all over Europe
http://www.fi-ppp-finseny.eu/
http://www.finesce.eu/
* ”BICLAVIS” is a registered trademark of NTT DATA Corporation in Japan.
* ”Data Warehouse / Business Intelligence Lab Service” is a registered trademark
of NTT DATA Corporation in Japan.
* Other names of products, companies, and organizations herein are the
trademarks or registered trademarks of their respective owners.
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Waterford Institute of Technology
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