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Poor cloud forecasts cost Australia's solar industry over $100 million yearly, with AI-driven improvements promising major financial and grid benefits.
Inaccurate weather forecasts cost Australia’s solar industry over $100 million annually, primarily due to poor cloud cover predictions affecting utility-scale solar farms, rooftop systems, and energy traders.
A Solstice AI report reveals that many operators lack detailed cloud data, leading to suboptimal energy forecasts.
A 10% improvement in accuracy could add $38 million in annual profits for Australia alone, with global potential of $9.5 billion.
Better forecasts would also boost battery storage returns during price spikes.
Solstice AI uses AI to map solar installations and predict cloud behavior, aiding grid stability.
The global solar forecasting market is projected to reach $80 billion by 2030.
Las malas previsiones de nubes cuestan a la industria solar de Australia más de 100 millones de dólares anuales, con mejoras impulsadas por la IA que prometen importantes beneficios financieros y de red.