The winning project
In total, Elia Group received 135 proposals from startups in 38 countries. Out of these, after a selection process, five finalists were selected, that had the opportunity to pitch in front of a jury of experts, who chose PowerMarket as winner. PowerMarket convinced the jury with its solution that automatically detects solar panels and thus more accurately maps the solar energy predictions.
By using both high-resolution satellite images and artificial intelligence, PowerMarket can accurately identify the exact location of solar panels and their installed capacities. This information can then be combined with meteorological data to estimate solar energy for every hour and every day of the year. A more accurate cadaster would lead to more accurate forecasting, which in turn reduces the need to activate reserves and, as a result, prevents costs of system balancing activations.
With this victory, PowerMarket received €20.000 to carry out a proof of concept together with the Belgian members of Elia Group’s Innovation department.