Grants and Contributions:

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Title:

AI ASSIST - Forecasting Alberta Electricity Prices for Battery Optimization

Agreement Number:

1024641

Agreement Value:

$60,000.00

Agreement Date:

Nov 1, 2024 - Apr 30, 2025

Description:

This project is to improve upon the performance of an innovative energy price forecasting algorithm that is uses machine learning and deep learning technology to predict the electricity power prices. This forecasting algorithm is fed into a trading algorithm that is able to optimize the performance of battery assets, with a specific focus on battery assets connected to solar assets. By improving the forecast, it will improve the optimization of the battery asset, as the asset will be able to better profit from the difference between price peaks and price troughs.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Calgary, Alberta, CA T2P 3H9

Reference Number:

172-2024-2025-Q3-1024641

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

779363613

Recipient Type:

For-profit organization

Additional Information:

This agreement has been amended 1 time(s). The end date of this agreements has been modified by 30 days.

Amendment Date

Mar 11, 2025

Recipient's Operating Name:

Stephen Avenue Marketing

Recipient's Legal Name:

Stephen Avenue Marketing Inc.

Federal Riding Name:

Calgary Centre

Federal Riding Number:

48004

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

22111

Amendments:

See Amendments