Customer case: Lappeenrannan Energia – Production efficiency and cost savings with an accurate prediction model

Story 30.11.2022 22:00 EET

Customer case: Lappeenrannan Energia – Production efficiency and cost savings with an accurate prediction model

 

“Beyond Spot filled the exact need we had. The solution wasn’t too versatile nor too narrow, but exactly what we wanted. I would recommend Beyond Spot – our prediction model keeps on learning and becoming more accurate. I’m convinced Beyond Spot will help us on our future journey towards carbon neutrality by 2026.”

-       Tiia Kiuru, Production Manager at Lappeenrannan Energia

 

Prediction accuracy is critical for a district heating provider

Lappeenrannan Energia is a company that produces and provides district heating services in the city of Lappeenranta in Finland. For Lappeenrannan Energia, accurately predicting the required heat load on a day-to-day basis is essential for the company’s financial success. With accurate heat load forecasting, they can plan how to run operations as cost-efficiently as possible and determine which production assets to operate.

. If the forecast is accurate, Lappeenrannan Energia will know how much energy they will be able to sell on the energy market and reduce the risk associated with having to compensate for the difference between the prediction and the actual amount of energy produced.

An effortless, future-proof solution – the impact is tangible on many levels

The Beyond Spot team created a prediction system that allows Lappeenrannan Energia to effortlessly and more accurately predict the amount of district heating Lappeenrannan Energia needs to produce.

Lappeenrannan Energia is now able to benefit financially from more accurate predictions through a decrease in costs for prediction errors. Additionally, switching its prediction mechanism from software to a modern cloud service allows Lappeenrannan Energia to be more time and cost-efficient.

Read the customer case