QuantRisk System

The QuantRisk System is a software and cloud solution designed to enhance the value chain across all segments of power markets, utilities, trading, generation, storage, and renewable assets. According to the vendor, this solution offers advanced AI load, price, solar, and wind generation forecasting, as well as trading optimization capabilities. It is suitable for companies of all sizes, from small enterprises to large corporations. Professions and industries that can benefit from the QuantRisk System include energy traders, power generators, utilities, retail energy marketers, transmission system operators (TSOs), asset managers, portfolio managers, traders, generation companies, and investment firms.

Key Features

AI Load Forecast: According to the vendor, the QR AI Forecaster provides customizable intraday, day-ahead, and long-term load forecasting solutions. It can incorporate weather data from multiple sources to offer accurate load forecasts for utilities, retail marketers, and power generators.

AI Price Forecast: The QR AI Forecaster offers AI price forecasting solutions for energy and reserves prices, covering intraday, day-ahead, and long-term horizons. According to the vendor, it can provide accurate price forecasts for zonal, trading hub, nodal, and LMP prices in various power markets, utilizing external data and customizable resolution.

AI Solar and Wind Generation Forecast: The QR AI Forecaster provides ready-to-use AI forecasting solutions for solar and wind generation, offering accurate intraday, day-ahead, and long-term forecasts. According to the vendor, it can utilize weather and radiance data from multiple sources, benefiting utilities, power generators, and renewable energy companies.

AI Offer Stack Forecast: The QR AI Forecaster offers a robust solution for energy and reserves offer stack simulation and forecasting in intraday and day-ahead markets. According to the vendor, it utilizes ISO forecasts, supply side information, and fuel type prices to provide accurate offer stack forecasts for world ISOs.

Data Processing and Feature Extraction: The QR AI Forecaster includes a data processing and feature extraction module that automates complex data science tasks. Users can create custom predictors for AI models by dragging and dropping various data sets and applying mathematical operations.

AI Model Optimization: The QR AI Forecaster includes an AI model optimization toolbox that automates the process of identifying the optimal set of parameters for the AI models. According to the vendor, it fine-tunes the models using genetic computing, improving forecast accuracy by self-calibrating, learning, and adapting with each new data.

Dashboard and Analytics: The QR AI Forecaster provides a user-friendly web dashboard for configuring and managing AI models. Users can visualize and inspect data, including target, predictors, and forecast data, and utilize analytics and visualization tools to analyze forecast accuracy and explore results.

QR Data Hub: According to the vendor, the QR Data Hub is a seamlessly integrated data management system for renewable asset generation and operational data. It supports various methods of data retrieval and provides end-to-end data management, including fetching, validation, and insertion.

Upper and Lower Uncertainty Bands: According to the vendor, each forecast generated by the QR AI Forecaster includes upper and lower uncertainty bands, providing a range of possible outcomes to account for forecast uncertainty. This feature can assist in decision-making and risk management based on different scenarios.

QR AI Trading Optimization: The QR AI Forecaster offers seamlessly integrated trading optimization models for various operations in power markets, utilities, and trading entities. According to the vendor, it uses generation forecasts as inputs and can be exported via API to any in-house system.