Veritone, Inc. announced Positive Energy selected its iDERMS Forecaster to predict the remaining useful life of their battery storage assets. Focused on repurposing electric vehicle (EV) batteries for second-life application and providing energy as a service (EaaS), Positive Energy will utilize Veritone's Forecaster to enable the accurate prediction of battery longevity, including the final state of health (SoH), the remaining useful life (RUL), and updated SoH and RUL forecasts after every charge or discharge cycle. In addition, the solution will provide higher situational awareness at a fleet level, allowing Positive Energy to single out individual sites and assets in order to get a closer look at specific operational parameters for each of them.
The battery degradation process is complex, affected by many factors, such as temperature, charge, and discharge rate. Veritone's advanced AI capabilities are able to recognize more complex patterns of system data based on historical data, allowing asset owners to reliably and accurately predict maintenance cycles and the remaining useful life of batteries. Veritone's iDERMS solution harnesses the power of AI to revolutionize today's energy ecosystems through proprietary, intelligent, day-ahead and real-time energy forecasting, design, optimization and control—all of which unlock the full potential of energy resources, while enhancing overall reliability.
With its Forecaster, Designer, Optimizer and Controller modules, the iDERMS solution allows for tackling industry challenges at a pace best suited to meet each customer's specific objectives, timelines, or financial goals, while simultaneously addressing reliability and the commercial aspects of distributed energy resources (DERs).