Watch Wegaw Webinar Episode 2
Optimizing long-term trading by integrating observed snow data into hydropower models
Thanks again to our wonderfully inquisitive audience for all the excellent questions, we hope to see you again soon!
What to expect in this episode
Join our guest speakers from Alpiq and Hydrique Engineers for an exclusive discussion alongside hydropower specialists from across the world to learn how near real-time satellite data can optimize long-term trading options for hydropower trading teams.
❄️ Data application presentation from rainfall-runoff modelling specialists Hydrique Engineers
🛰️ DeFROST4Hydropower project highlights and significant key takeaways from our CEO and CTO
⚡ Innovation results and thoughts from project participant and client Alpiq
💡 Our speakers answered audience questions during the Q&A session
On Thursday, 19th January 2023 we proudly welcomed energy traders, asset managers, hydrologists, project managers, data scientists, risk managers, civil engineers, power market analysts, innovation and digitalization specialists, operators, wholesale traders, energy managers, data analysts, power traders, market operations managers, options traders and strategy managers from across the international hydropower industry community.
Our CTO, Daria Lüdtke opens the proceedings and briefly introduces our climate-tech startup Wegaw. Then our CEO & Co-Founder, Ion Padilla provides an overview of the DeFROST4Hydropower project, as well as a glimpse into how Wegaw’s cutting-edge geospatial and AI capabilities were put to use for this 18 month long project, before introducing our guest speakers from Hydrique Engineers and Alpiq.
Results of the project:
Dr Frédéric Jordan, Director of Hydrique Engineers (our data integration partner for the region) presents information on the modelling process, whilst Nicolas Adam, Civil Engineer at Alpiq shares first-hand project experience and speaks about the tangible value of the Snow Water Equivalent (SWE) datasets for the energy production company’s long-term trading forecasting, which include:
✅ reduce forecasting errors by up to 50%
✅ improve forecasting performance by 10%
✅ reduce number of trading adjustments by up to 20%
This webinar highlights key takeaways from our scientific and industry collaboration project, also known as DeFROST4Hydropower, that produced datasets for 12 unique hydrologic basins throughout the Swiss French alps, and has contributed to long-term trading optimization by up to 50% through the assimilation of our geospatial and AI infused data into hydrological forecasting models.
❄️ Snow Water Equivalent (SWE) is the main reliable predictor for long-term water flow forecasting
📈 A good long-term forecast makes trading more effective and reduces financial risk
⚡ Efficient long-term trading is the essence to support a resilient asset optimization strategy that combats climate anomalies and market volatility
Snow Height Map & Report
Interact with our web app that incorporates data from the WSL Institute for Snow and Avalanche Research SLF in Switzerland and download technical reports which delve into the functionality and evaluation of the performance of our heterogeneous snow height solution.
SWE Visualizations & Report
Explore the relationship between snow characteristics and downstream flow at different times of the year and download technical evaluations of our SWE solution against three independently sourced data values from Canada, Norway and the United States of America.
Read more about the DeFROST4Hydropower project
During this episode our Co-founder & CEO Ion Padilla and CTO, Daria Lüdtke is joined by Nicolas Adam, Civil Engineer of Alpiq and Dr Frédéric Jordan, Director of Hydrique Ingénieurs to share highlights and insights from our Swiss Federal Office of Energy supported ‘DeFROST4Hydropower’ project that was collaborated on over an 18 month period and brought together just over a dozen hydroelectricity stakeholders from across the western Switzerland ecosystem.
Want to find out more?
Do you have any pressing challenges that we can assist you with? Do you have a project in mind that would really benefit from having access to highly accurate near real-time datasets?
Access our first webinar episode
Energy Transition Webinar Series
As part of our mission to empower a sustainable digital energy transition through satellite monitoring data, we look forward to hosting more webinars for the renewable energy ecosystem and geospatial professionals to participate in.
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