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.
For more information, see PBN.