Contribution: Industrial Research Assistance Program – Contributions to Firms
Stephen Avenue Marketing Inc.
$60,000.00
AI ASSIST - Forecasting Alberta Electricity Prices for Battery Optimization
FY 2024-25 · 2024-11-01
Summary
This project is to improve upon the performance of an innovative energy price forecasting algorithm that is uses machine learning and deep learning technology to predict the electricity power prices. This forecasting algorithm is fed into a trading algorithm that is able to optimize the performance of battery assets, with a specific focus on battery assets connected to solar assets. By improving the forecast, it will improve the optimization of the battery asset, as the asset will be able to better profit from the difference between price peaks and price troughs.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Calgary|Calgary, Alberta, Canada
Recipient Type
For-profit organization
Business Number
779363613
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Amendments
Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2024-11-01 | 2024-25 | $60,000.00 |
| 1 | 2024-11-01 | 2024-25 | $60,000.00 |
As published
Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 30 days.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 30 jours.
Agreement End Date
2025-04-30
Agreement Number
1024641
Agreement Start Date
2024-11-01
Agreement Title
AI ASSIST - Forecasting Alberta Electricity Prices for Battery Optimization
Agreement Title (French)
Assistance IA - Prévision des prix de l’électricité en Alberta pour l’optimisation des batteries
Agreement Type
Contribution
Agreement Value
$60,000.00
Amendment Date
2025-03-11
Amendment Number
1
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
This project is to improve upon the performance of an innovative energy price forecasting algorithm that is uses machine learning and deep learning technology to predict the electricity power prices. This forecasting algorithm is fed into a trading algorithm that is able to optimize the performance of battery assets, with a specific focus on battery assets connected to solar assets. By improving the forecast, it will improve the optimization of the battery asset, as the asset will be able to better profit from the difference between price peaks and price troughs.
Description (French)
Ce projet vise à améliorer les performances d’un algorithme innovant de prévision des prix de l’énergie qui utilise l’apprentissage automatique et la technologie de l’apprentissage profond pour prédire les prix de l’électricité. Cet algorithme de prévision alimente un algorithme de négociation capable d’optimiser les performances des batteries, en se concentrant plus particulièrement sur les batteries connectées à des installations solaires. En améliorant les prévisions, l’optimisation de l’actif batterie sera améliorée, car l’actif pourra mieux profiter de la différence entre les pics et les creux de prix.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Calgary Centre
Federal Riding (French)
Calgary-Centre
Federal Riding Number
48004
NAICS Code
22111
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
779363613
Recipient City
Calgary|Calgary
Recipient Country
CA
Recipient Legal Name
Stephen Avenue Marketing Inc.
Recipient Operating Name
Stephen Avenue Marketing
Recipient Postal Code
T2P 3H9
Recipient Province or Territory
AB
Recipient Type
F
Reference Number
172-2024-2025-Q3-1024641
