AI-Driven Renewable Energy Procurement Platform for Industrial Decarbonization
World region: South Asia
Sector: Government Agency
Year: 2024-2025
Impact: More efficient planning
Development of a decision-support platform enabling large electricity consumers to optimize renewable energy procurement strategies.
Pharoes developed an advanced analytics platform to support industrial decarbonization strategies through optimized renewable energy procurement.
The platform combines power market simulations, renewable resource modelling, and artificial intelligence techniques to determine the optimal mix of renewable generation, power purchase agreements (PPAs), and storage investments for large electricity consumers.
The solution supports large industrial users and infrastructure operators in designing cost-effective decarbonization pathways while ensuring reliable electricity supply.
Key Impact
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AI-based optimization of renewable procurement strategies
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Support for large industrial consumers pursuing decarbonization targets
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Integrated modelling of renewable generation, storage, and electricity markets
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Improved investment decision-making for large energy consumers