Can Energy Savings Due to Improved Wind Forecasts Be Quantified With High-Resolution Models?

A recent study by NOAA and Colorado State researchers found wind forecast improvements in the HRRR model can result in savings of hundreds of millions of dollars for energy companies and consumers. This illustrates the high significance of accurate forecasts in the energy sector, where even small inaccuracies in forecasts can result in sizable extra electricity or unnecessary operational costs. Knowing where to find the most accurate forecasts can result in great energy savings!