Optimizing long-term trading by integrating observed snow data into hydropower models
Welcome to our first webinar!
During this insightful discussion that originally took place on Thursday, January 19th 2023, we welcomed guest speakers from Alpiq and Hydrique to demonstrate how our geospatial and AI infused data was integrated into hydrological forecasting models to help optimize long-term trading by up to 50% for a variety of unique hydrologic basins throughout the Swiss French alps.
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What to expect in this episode
Our CTO, Daria Lüdtke opens the proceedings with a brief project overview, as well as a glimpse into how Wegaw’s cutting-edge geospatial and AI capabilities were put to use for this 18 month for the below energy producers:
Our CEO & Co-Founder, Ion Padilla briefly introduces our climate-tech startup Wegaw and speaks about our role as project leader before introducing our guest speakers from Hydrique Engineers and Alpiq.
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.
To conclude this second episode of our Energy Transition Webinar Series, Daria summarizes the key findings, highlighting the importance of the results for the hydropower sector and showcases key takeaways from our scientific and industry collaboration project.
Finally, our lively audience members asked numerous questions pertaining to their day-to-day challenges during a highly interactive and enlightening Q&A session.
Meet your hosts
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 project (aka DeFROST4Hydropower) that involved just over a dozen hydroelectricity stakeholders from across the western Switzerland ecosystem.
Since 2021, Wegaw has been delivering reliable and scalable data driven solutions for hydropower stakeholders to optimize production and enhance trading efficiencies whilst supporting the industry in closing the gap on billions in lost potential revenue caused by trading edge loss. Our satellite derived datasets have a proven high accuracy track-record and offer energy producers and traders near real-time climate insights that can lead to trading and income increases whilst production and climate resilience.
Who is this webinar for?
Hydropower professionals from across the globe are welcome to watch this webinar, in particular those who work with assets impacted by snowmelt, typically at hydropower plants in mountainous regions. For instance, our discussion would be highly relevant for 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.
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Energy Transition Webinar Series
As part of our mission to empower the digital energy transition, we are proud to present a regular opportunity for clean and green energy industry stakeholders and geospatial professionals to participate in online events.
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