Untangling Energy Consumption Dynamics with Renewable Energy Using Recurrent Neural Network

Abstract

The environmental issues we are currently facing require long-term prospective efforts for sustainable growth. Renewable energy sources seem to be one of the most practical and efficient alternatives in this regard. Understanding a nation’s pattern of energy use and renewable energy production is crucial for developing strategic plans. No previous study has been performed to explore the dynamics of power consumption with the change in renewable energy production on a country-wide scale. In contrast, a number of deep learning algorithms have demonstrated acceptable performance while handling sequential data in the era of data-driven predictions. In this study, we developed a scheme to investigate and predict total power consumption and renewable energy production time series for eleven years of data using a recurrent neural network (RNN). The dynamics of the interaction between the total annual power consumption and renewable energy production were investigated through extensive exploratory data analysis (EDA) and a feature engineering framework. The performance of the model was found to be satisfactory through the comparison of the predicted data with the observed data, the visualization of the distribution of the errors and root mean squared error (RMSE), and the R2 values of 0.084 and 0.82. Higher performance was achieved by increasing the number of epochs and hyperparameter tuning. The proposed framework has the potential to be used and transferred to investigate the trend of renewable energy production and power consumption and predict future scenarios for different communities. The incorporation of a cloud-based platform into the proposed pipeline to perform predictive studies from data acquisition to outcome generation may lead to real-time forecasting.

Failure Prediction of Automated Guided Vehicle Systems in Production Environments through Artificial Intelligence

“…Sang and Di Pierro emphasize the use of LSTM in modeling stock performance and forecasting market trends by utilizing TensorFlow's features [17]. Yazdan et al investigate the use of LSTM to analyze the dynamics of energy consumption using renewable energy sources and emphasize TensorFlow's applicability as a neural network training and deployment framework for energy forecasting [18]. The use of LSTM models in TensorFlow for single-step and multi-step time series prediction of urban temperature is examined by Zhang et al [19].…”