Shifted Energy, a Honolulu-based software company created to enable access to energy solutions, was recently awarded a cash prize of $150,000 in conjunction with receiving second place for the U.S. Department of Energy American-Made Net Load Forecasting Prize.
The prize is open to organizations that cater to utilities, system operators, power plant owners, and more, and is designed to increase the adoption of net load forecasting. The net load is the difference between the electricity demand and electricity generation of an electric grid, according to the U.S. DOE's website.
Competitors submitted 28 consecutive day-ahead forecasts for four substations across the country. The three winning teams received cash prizes: $200,000 for the first place team, $150,000 for second place, and $100,000 for third place. Three runner-ups also received $50,000 each, a spokesperson for the U.S. DOE told PBN in an email.
The competition opened on Feb. 7 and winners were announced on Sept. 12, according to the U.S. DOE's website.
Shifted Energy — located on Ilalo Street in Honolulu — serves utilities, aggregators, and real estate companies. It also creates grid-edge power plants and offers maintenance reporting and sustainable energy solutions, according to the company's website.
"Whether it’s cutting-edge demand response programs or widespread deployment of cost savings enabled through time-of use-programs, we’ve built our platform to address each client’s unique situation," as noted on Shifted Energy's website.
