Contribution: Industrial Research Assistance Program – Contributions to Firms
Enertel AI Corporation
$75,000.00
Large Timeseries Model (LTM) Rollout
FY 2024-25 · 2024-04-01
Summary
This project aims to provide highly accurate forecasts for nodal electricity prices across over 5,000 generators in North America, enhancing the accuracy, coverage, and reliability of price predictions for day-ahead, real-time, and ancillary services. It includes innovative machine learning models, robust monitoring systems, and user-friendly access via APIs and a web application. The goal is to exceed traditional forecasting methods, ensuring significant improvements in price prediction accuracy and system uptime for efficient energy management and operational optimization.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Toronto|Toronto, Ontario, Canada
Recipient Type
For-profit organization
Business Number
769857871
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2024-11-25
Agreement Number
1019731
Agreement Start Date
2024-04-01
Agreement Title
Large Timeseries Model (LTM) Rollout
Agreement Title (French)
Déploiement d’un grand modèle de séries chronologiques
Agreement Type
Contribution
Agreement Value
$75,000.00
Amendment Number
0
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 aims to provide highly accurate forecasts for nodal electricity prices across over 5,000 generators in North America, enhancing the accuracy, coverage, and reliability of price predictions for day-ahead, real-time, and ancillary services. It includes innovative machine learning models, robust monitoring systems, and user-friendly access via APIs and a web application. The goal is to exceed traditional forecasting methods, ensuring significant improvements in price prediction accuracy and system uptime for efficient energy management and operational optimization.
Description (French)
Ce projet vise à fournir des prévisions très précises pour les prix de l’électricité au niveau nodal pour plus de 5 000 générateurs en Amérique du Nord, en améliorant la précision, la couverture et la fiabilité des prévisions de prix pour les services journaliers, en temps réel et auxiliaires. Il comprend des modèles innovants d’apprentissage automatique, des systèmes de surveillance robustes et un accès convivial via des API et une application Web. L’objectif est de dépasser les méthodes de prévision traditionnelles, en garantissant des améliorations significatives dans la précision des prévisions de prix et le temps de fonctionnement du système pour une gestion efficace de l’énergie et une optimisation opérationnelle.
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
Spadina--Fort York
Federal Riding (French)
Spadina--Fort York
Federal Riding Number
35101
NAICS Code
511211
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
769857871
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
Enertel AI Corporation
Recipient Operating Name
Enertel AI
Recipient Postal Code
M5T 2C2
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2024-2025-Q1-1019731
