Key takeaways:
The platform uses forecasting and simulation to help grid operators plan network upgrades and expansions
It identifies voltage irregularities and overload risks while incorporating N-1 contingency planning for grid reliability
According to Utiligize, its insights can help cut grid investment costs by up to 35%
Denmark-based software-as-a-service (SaaS) company Utiligize’s Forecast and Investment platform won The smarter E AWARD 2025 under the Smart Integrated Energy category.
With increasing installations of PV, storage systems, and the growing requirements for EV charging and heating, there is a need for utilities or grid operators to plan informed investments. Utiligize’s platform helps grid operators make smart investment decisions regarding the upgrade or expansion of their networks. The software uses specific algorithms and data analysis to provide insights through simulations of grid load forecasts, grid reliability, challenges, and opportunities. It also creates a detailed and transparent network development plan, enhancing trust and regulatory compliance, adds Utiligize.
Additionally, the software module offers a comprehensive and visual overview of the power grid, helping identify voltage irregularities and overloads in real time and also predict potential future issues. The software also takes into account N-1 contingency calculations, a core concept in power system planning, to ensure reliability and spare capacity of the system.
According to Utiligize, the decisions made using the forecasts and investment optimizations presented by the software platform can help cut costs by up to 35%. The smarter E AWARD jury specifically applauded its practicality, innovation, and market potential in supporting grid operators’ transition to clean energy.
