EDP Inovação to Present Results of Using Falkonry “Ready to Use” Machine Learning System at OSIsoft PI World

SUNNYVALE, Calif.–(BUSINESS WIRE)–#Falkonry—Falkonry,
Inc., a leading provider of operational
machine learning for Global 2000 industrial companies, today announced
that EDP
Inovação, the innovation organization at one of the largest electric
power operations in Europe, has completed its evaluation of applying the
Falkonry LRS machine learning and predictive analytics system for its
solar assets. At the upcoming OSIsoft
PI World on April 23-27, EDP Inovação and Falkonry will present the
results of this trial, showing how the Falkonry LRS system was able to
accurately identify unexpected patterns of the photovoltaic (PV) power
output as natural light conditions (irradiation) changed.

EDP uses OSIsoft’s PI System as part of its data infrastructure to
collect and manage time series data in its operations. EDP Inovação
applied the Falkonry LRS machine learning system to automatically
identify and classify underperformance of solar panels in its solar lab.
This insight enabled EDP to improve operations by remotely identifying
failures and underperformance in its photovoltaic arrays during the
trial.

Comments on the News:

“We chose to evaluate the Falkonry LRS system because we wanted to try a
reliable machine learning system that did not require a team of data
scientists and could easily integrate with our existing data
infrastructure, to unlock value from the data we had at our fingertips,”
said Tiago Duarte, Technology Expert at EDP Inovação.

“In less than three weeks, we were able to develop a test case to
accurately identify unexpected patterns on the PV output based on the
irradiation that it is actually receiving. This allows us to quickly
identify failures and underperformances from our solar panels,”
explained Filipa Reis, Technology Expert at EDP Inovação.

“Like most industrial companies we work with, EDP already had time
series data, but were not fully leveraging it to improve their
operations,” said Dr. Nikunj Mehta, Founder and CEO of Falkonry. “With
ready to use machine learning they were able to quickly predict and
derive value for solar farm applications.”

“As an OSIsoft partner, Falkonry is helping companies improve their
operational performance by leveraging data, and all functionality, from
the PI System,” said Jesus Hernandez, Vice President of Global Business
Development at OSIsoft. “The EDP application is a perfect example of how
seamless this process can be, and the results being presented at PI
World will highlight the value that can be realized through operational
machine learning.”

EDP Presentation at OSIsoft PI World

• Filipa Reis, Technology Expert – Cleaner Energy at EDP Inovacao S.A.,
  will present the results from their project using the Falkonry LRS
  system on a panel titled “Correlating
  Photovoltaic Power with Irradiance Using Pre-Packaged Machine Learning.”
• The presentation is scheduled for Tuesday, April 24, from 3:15 – 3:45
  pm at the Hilton Union Square Hotel.

Falkonry Participation at OSIsoft PI World

• Falkonry will be exhibiting at OSIsoft PI World in booth #6 and also
  conducting a training lab.
• The lab, titled “Learn
  How to Add Automated Machine Learning to the PI System Quickly and
  Easily, is scheduled for Thursday, April 26, at 10:30 am at
  the Nikko Hotel.

About EDP Inovação

EDP Inovação coordinates innovation across the EDP Group. EDP, S.A. is a
multinational, vertically integrated utility company. Throughout its
40-year history, EDP has built a presence across the world and operates
in 14 countries and 4 continents. EDP is present in both the electric
and gas value chains and has approximately 10 million electric customers
and 1.5 million gas customers. For more information, please visit http://www.edp.com/.

About Falkonry

Falkonry is a leading provider of operational machine learning for
Global 2000 industrial companies. Falkonry’s ready-to-use system
empowers practitioners to accelerate the digital transformation of
industrial operations by delivering new analytical insights from
patterns hidden inside operational data. Falkonry enables real-time
pattern recognition, condition monitoring and predictive analytics. Our
customers, who span multiple industries and applications, are realizing
improvements in throughput, quality and yield. For more information
about Falkonry and its products, please visit http://falkonry.com/.

Contacts

Powelson Communications, Inc. for Falkonry
Erika Powelson,
408-781-4981
[email protected]