Dominic Geraghty, SGiX (smartgridix.com)
John Manobianco, MESO Inc.
Recap of SGiX’s First Dialog on Short-Term Wind Forecasting
Wind power generation facilities continue to be deployed across the nation as a result of RPS mandates. In our previous dialog on short-term wind forecasting, we showed that: (1) it is possible to improve the accuracy of wind forecasts, (2) improvements can create substantial value for different Smart Grid (SG) 2.0 stakeholders, (3) increased accuracy requires both higher quality data and improved modeling, and (4) better data is expensive to collect.
We also pointed out that there are two potential pricing points for wind forecasting services: today’s (mostly) low-priced commodity market with little differentiation in forecasting accuracy among service providers, and the potential for a value-priced service providing customized higher-accuracy forecasts.
New Business Opportunity for a Smart Sensor Application in Wind Forecasting
This dialog is about an opportunity to develop a value-priced service based on a unique and innovative, approach for collecting higher quality meteorological data, using smart micro-sensors. Dr. John Manobianco, VP, Business Development at MESO Inc., my co-dialog-er, is leading the development of this business. He is an industry veteran with very deep experience in weather forecasting and the use of wireless sensors for meteorological applications.
John has already completed a substantial body of work developing a technology solution based on ultra-small, smart sensors, and identifying and solving some (but not all) of the technology challenges. This work has been supported by NASA from 2002-2005 and NSF in 2012 through a Phase I SBIR I contract - see also a summary here.
He has analyzed the costs of developing and commercializing the technology in some detail. Either of two alternative business models – a systems sale or a services business – seems possible.
To improve and refine the business case, and assess the technology and market risks, John is looking for collaborative help from the SG community.
Two Partnering Offers
In addition to participation in the team-solving process, John is also offering two partnering opportunities: (1) a technology demonstration and (2) a matching-dollar equity investment option (see below).
This Is a Chance to Work on a Real Business Opportunity, and Create a Work-Product On-Line
Smartgridix.com likes this opportunity because it is a real, market-driven need for a business case.
On-line team-solving allows John, the entrepreneur, to leverage the collective intelligence of the SG community in building his business case and identifying creative solutions for some of the technology challenges.
Business Concept Application for Wind Forecasting
The overarching vision of our business concept is to revolutionize environmental sensing by developing a system of disposable, centimeter-scale probes that weigh less than a gram and gather data as they drift passively through the air.
Our novel probe design exploits component miniaturization as well as the integration of sensors and other components. But here’s where it gets really interesting: GlobalSense probes can provide measurement accuracy equivalent to or even better than currently accepted instrumentation. Continue reading